Decoding United Parcel Service's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for United Parcel Service (UPS) indicates a bearish sentiment among big-money traders, with 62% of trades being bearish. The options trades have targeted a price range of $115 to $145 over the last three months. UPS is currently trading at $135.28, with a neutral RSI. Analysts have mixed ratings, with a consensus target price of $150.5.
July 05, 2024 | 2:59 pm
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Recent options activity for UPS shows a bearish sentiment among big-money traders, with 62% of trades being bearish. The options trades have targeted a price range of $115 to $145 over the last three months. UPS is currently trading at $135.28, with a neutral RSI. Analysts have mixed ratings, with a consensus target price of $150.5.
The bearish sentiment among big-money traders, as indicated by the options activity, suggests a potential short-term decline in UPS's stock price. The mixed analyst ratings and the current neutral RSI add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100