Options Trading 2024

UPS Post Earnings Play

Published by

roverdiary22

on

UPS Call Credit Spread

UPS announced their earnings today pre-market, and the revenue and profits were both down from last year. I am going to give it some room to bounce back up as I do believe the market has over-reacted. So, I went ahead and sold $155 Call and bought $160 call for a net credit of $47 (expiring 1/3/24). My overall risk for this trade is $453.

With this trade, I am targeting a return of little over 10% and an annualized rate of 126%.

Let me know if you have any questions in the comment!

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