United Parcel (UPS) Offering Possible 28.21% Return Over the Next 17 Calendar Days

United Parcel's most recent trend suggests a bullish bias. One trading opportunity on United Parcel is a Bull Put Spread using a strike $99.00 short put and a strike $94.00 long put offers a potential 28.21% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $99.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $94.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for United Parcel is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for United Parcel is bullish.

The RSI indicator is at 65.66 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for United Parcel

Hedge Funds Have Never Been This Bullish On United Parcel Service, Inc. (UPS)
Fri, 29 May 2020 16:23:47 +0000
In this article you are going to find out whether hedge funds think United Parcel Service, Inc. (NYSE:UPS) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]

UPS Slaps ‘Peak' Surcharge On Amazon, Walmart, Others, As Delivery Requests Balloon Post Lockdown Ease
Fri, 29 May 2020 08:38:58 +0000
United Parcel Services Inc. (NYSE: UPS) is imposing an additional fee for delivery requests from e-commerce companies that is common during peak seasons, Reuters reported Thursday.The move will come into effect on May 31 and apply to “large, high-volume shippers and companies that send oversized items,” according to Reuters.Major UPS clients include Amazon.com Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), and Target Corporation (NYSE: TGT), and all these companies are likely to be affected by the latest policy.The e-commerce companies have seen a sudden rise in business as authorities across the United States lifted the lockdowns and the companies are planning to restart deliveries of non-essential items.Delivery services like UPS, or rival FedEx Corporation (NYSE: FDX), typically impose these surcharges during the holiday season shopping surge.UPS and FedEx are also set to benefit from Amazon reportedly suspending its delivery service for third-party sellers on its platform starting June 1.UPS Price Action UPS shares closed 0.1% higher at $99.72 on Thursday and were mostly unchanged in the after-hours session.See more from Benzinga * FedEX, UPS Shares Surge As Amazon To Suspend Delivery Service For Third-Party Sellers Due To Increased Demand(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

UPS adds ‘peak' surcharge amid coronavirus fueled delivery spike
Fri, 29 May 2020 02:24:12 +0000
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged food to patio furniture since the coronavirus took hold in March. Such fees are common during the winter holiday season, when package volumes more than double. This round follows stay-at-home orders to fight the spread of the novel coronavirus.

United Parcel Service (UPS) Gains As Market Dips: What You Should Know
Thu, 28 May 2020 21:50:09 +0000
United Parcel Service (UPS) closed the most recent trading day at $99.72, moving +0.1% from the previous trading session.

CVS, Nuro to test driverless prescription delivery in Houston area
Thu, 28 May 2020 18:53:34 +0000
CVS Health Corp and unmanned vehicle delivery Nuro in June will start testing a service that drops prescriptions and other essentials free of charge to some customers in the Houston area, the companies said on Thursday. CVS and other companies are experimenting with myriad ways to serve customers who may be reluctant or unable to visit stores due to the coronavirus pandemic, which has fueled demand for home delivery of everything from groceries and medicine to patio furniture and gardening supplies. Mountain View, California-based Nuro said in a blog post that the service in Houston will launch with its autonomous Prius fleet and then switch in subsequent months to R2, its low-speed, custom-built delivery bot.

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