United Parcel Service Unusual Options Activity
Portfolio Pulse from Benzinga Insights
United Parcel Service (NYSE:UPS) has seen significant options activity, with a bearish sentiment prevailing among financial giants. Analysis of recent trades shows 75% bearishness, with puts valued at $190,030 and calls at $168,982. The options activity suggests a price window of $130.0 to $180.0. UPS's current stock price is $150.64, with a neutral RSI and an upcoming earnings report in 15 days. Analyst ratings vary, with an average target price of $147.8, but opinions range from a high of $180 to a low of $100.
April 08, 2024 | 4:46 pm
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United Parcel Service has seen a bearish trend in options trading, with a significant volume of puts. The stock's current price is $150.64, with analyst ratings suggesting a mixed outlook.
The bearish sentiment in options trading, highlighted by the 75% bearish trades and the significant value of puts, suggests a negative short-term impact on UPS's stock price. The mixed analyst ratings, with a range from $100 to $180, further contribute to the uncertainty around UPS's stock performance. The upcoming earnings report could be a critical event that either confirms the bearish sentiment or reverses the trend based on the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100