Bulls undeterred by 52-week peak at UPS |
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UPS – United Parcel Service, Inc. – The package and freight delivery services firm attracted bullish options players today amid a 0.75% increase in its share price to $62.95. One investor sought longer-dated option contracts and established a bullish stance in the October contract. It looks like the trader purchased 3,500 call options at the October $67.5 strike for an average premium of $1.39 per contract. The optimistic investor profits if shares of the underlying stock rally at least 9.40%
Filed under: Fundamental
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