10000 UPS Jan 2017 110/120 call spreads went up in 2 blocks on the PHLX marked spread.?

UPS

Shares of United Parcel Service, Inc (UPS) are up .92 to 89.65 today.? UPS is near the lower end of the 52 week range.

  • Paper traded 10000 UPS Jan 2017 110/120 call spreads for .93.
  • ??The ADV is 15k contracts.
  • ? ?The open interest is 12k/15k contracts.

The volume went up in 2 blocks on the PHLX marked spread.? Options traded way over the OI so a trader is piling on this one in the hopes of a lift in the stock price for UPS.

  • IV 30 is trading for 31%.?
  • HV10 is trading for 21%.?
  • IV 30 is above the HV 10.

United Parcel Service, Inc. is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages in over 220 countries and territories. It also provides control and visibility of customers? inventories and supply chains via its UPS technology platform. The Company offers transportation, distribution, forwarding, ground freight, ocean freight, air freight, brokerage and financing services