Bearish flow noted in UPS with 19,153 puts trading, or 2x expected. Most active are Jan-24 180 puts and Jan-24 175 puts, with total volume in those strikes near 9,500 contracts. The Put/Call Ratio is 4.12, while ATM IV is up over 1 point on the day. Earnings are expected on January 30th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UPS:
- UPS Stock (NYSE:UPS) Could Bounce Back, According to Analyst
- California pushes electric trucks with restrictions at ports, NY Times reports
- Freight transport’s ‘new normal’ is slower growth, Journal of Commerce says
- UPS downgraded to Neutral from Outperform at Daiwa
- FedEx price target lowered to $305 from $322 at JPMorgan