UPS Options Activity Signals Bullish Trends Amid Price Targets

Professional investors are noticing bullish options activity for UPS as 52% of traders lean bullish. With projected price targets between $100 and $145, options sentiment could indicate future stock performance, especially ahead of upcoming earnings.

Date: 01-04-2025

AI Rating: 7

Unusual Options Activity
The report highlights a bullish trend in the options for United Parcel Service (NYSE: UPS), with a significant majority (52%) of traders opting for bull positions. This increase in bullish sentiment might be indicative of anticipated price appreciation in the near term.

Furthermore, the reported price targets ranging from $100.0 to $145.0 suggest a proactive positioning by prominent traders. Keeping an eye on the volume and open interest levels could prove valuable; currently, open interest stands at an average of 828.5, with a total volume of 2,308.00. This level of interest may reflect heightened expectations for UPS's performance in the coming months.

Current Market Position
As of now, UPS is trading at $109.13, slightly down by 0.78%. The overall market sentiment appears neutral to slightly positive considering the upcoming earnings report in 28 days. The relative strength index (RSI) indicates that the stock may soon reach oversold conditions, which could mean a rebound is on the horizon.

Analyst Ratings
Five analysts recently rated UPS, revealing a consensus average target price of $119.8. While there are mixed sentiments, with some downgrades reflected in the ratings, the general outlook remains cautiously optimistic. An analyst from Wells Fargo calls it overweight at a target of $120, and one from B of A Securities raises expectations to $129, indicating some upward momentum in target projections.

Looking ahead, it is essential to monitor both equity price movements and subsequent earnings announcements to gauge investor sentiment and reassess future positions on UPS.

Stocks: UPS