United Parcel (UPS) Offering Possible 23.46% Return Over the Next 7 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 $113.00 short put and a strike $108.00 long put offers a potential 23.46% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $113.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $108.00 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 68.91 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

Some CEOs decline White House dinner for Mexican president amid coronavirus surge
Wed, 08 Jul 2020 22:26:53 +0000
The White House CEO dinner on Wednesday evening with Mexican President Andres Manuel Lopez Obrador will have some notable absences among corporate invitees – one because of a positive coronavirus test. American Farm Bureau President Zippy Duvall tested positive for COVID-19 on Wednesday morning, after he experienced a fever and a cough, and will not attend the dinner, a spokeswoman for the trade group said. The dinner, in the White House's East Room, is the most prominent state-level social event hosted by the Trump administration since coronavirus lockdowns began in March.

What FedEx's Earnings Results Mean for UPS Shareholders
Wed, 08 Jul 2020 11:30:00 +0000
It's almost impossible to look at a set of quarterly results from FedEx (NYSE: FDX) without considering what the read-across will be for United Parcel Service (NYSE: UPS). Given that the fiscal 2020 fourth-quarter results FedEx delivered on June 30 were warmly received by the market, it would seem appropriate to take a look at what UPS investors should be expecting when their company next reports on July 22. FedEx's earnings excited the market because the margin on the company's ground delivery business was a lot better than many had feared it would be.

Were Hedge Funds Right About Piling Into United Parcel Service, Inc. (UPS)?
Tue, 07 Jul 2020 17:34:19 +0000
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]

Can E-Commerce Revive Coronavirus-Hit Transportation Sector?
Mon, 06 Jul 2020 13:31:01 +0000
In this coronavirus-ravaged world, e-commerce is gaining further momentum, thereby providing a boost to the otherwise-beleaguered transportation sector.

Why UPS Stock Soared in June
Fri, 03 Jul 2020 19:50:10 +0000
What happened Shares in United Parcel Service (NYSE: UPS) rose 11.5% in June, according to data provided by S&P Global Market Intelligence. In common with its direct peer FedEx (NYSE: FDX), which rose 7.

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