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.
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Read More on UPS:
- UPS Stock (NYSE:UPS) Could Bounce Back, According to Analyst
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- Freight transport’s ‘new normal’ is slower growth, Journal of Commerce says
- UPS downgraded to Neutral from Outperform at Daiwa
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