United Parcel Service, Inc
Bullish options traders are scooping up in- and out-of-the-money call options on UPS. More than 25,700 option contracts have changed hands on UPS, with more than 4.25 calls exchanged on the stock for each single put contract that has traded.
Optimists looked up to the higher December $72.5 strike where more than 13,000 calls changed hands versus previously existing open interest of 4,958 contracts. It looks like the majority of these contracts were purchased for an average premium of $0.33 apiece.
The $72.5 strike calls expiring in January 2011 were also popular, with bullish players paying an average premium of $0.95 apiece to take ownership of more than 1,275 contracts.