Notable Monday Option Activity: WERN, UPS, SLDP

United Parcel Service (UPS) and Solid Power (SLDP) both experienced significant options trading volume today, exceeding 50% of their respective average daily stock trading volumes. Notably, specific long-dated call options, including the $89 strike for UPS expiring October 2025 and the $7.50 strike for SLDP expiring October 2025, recorded exceptionally high contract volumes, indicating focused speculative or hedging activity around these price levels.

Analysis

United Parcel Service Inc (Symbol: UPS) saw options trading volume of 46,448 contracts, representing approximately 4.6 million underlying shares or approximately 54.1% of UPS's average daily trading volume over the past month, of 8.6 million shares. Particularly high volume was seen for the $89 strike call option expiring October 10, 2025, with 4,546 contracts trading so far today, representing approximately 454,600 underlying shares of UPS. Below is a chart showing UPS's trailing twelve month trading history, with the $89 strike highlighted in orange: And Solid Power Inc (Symbol: SLDP) saw options trading volume of 59,375 contracts, representing approximately 5.9 million underlying shares or approximately 52.8% of SLDP's average daily trading volume over the past month, of 11.2 million shares. Especially high volume was seen for the $7.50 strike call option expiring October 17, 2025, with 8,772 contracts trading so far today, representing approximately 877,200 underlying shares of SLDP. Below is a chart showing SLDP's trailing twelve month trading history, with the $7.50 strike highlighted in orange: For the various different available expirations for WERN options, UPS options, or SLDP options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: KMPR Options Chain Institutional Holders of BE Top Ten Hedge Funds Holding FPRO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. United Parcel Service (UPS) and Solid Power (SLDP) both experienced exceptionally high options trading volumes today, significantly exceeding half of their respective average daily stock trading volumes over the past month. UPS saw 46,448 contracts trade, representing 54.1% of its 8.6 million average daily shares, while SLDP recorded 59,375 contracts, equating to 52.8% of its 11.2 million average daily shares. A notable concentration of activity occurred in specific long-dated call options. For UPS, 4,546 contracts traded for the $89 strike call expiring October 10, 2025, suggesting focused interest around this specific price level. Similarly, SLDP saw 8,772 contracts for its $7.50 strike call expiring October 17, 2025, indicating similar targeted positioning by investors. Despite this concentrated options flow, the overall sentiment for both stocks and the broader market impact are assessed as neutral. This suggests the activity, while significant in volume relative to equity trading, does not currently indicate a strong directional consensus or immediate market-wide implications beyond these specific derivative positions.

Key Decisions for Investors

• Investors should monitor subsequent options activity, particularly for the specified long-dated call strikes, to identify sustained conviction or reversals.
• Fundamentally evaluate UPS and SLDP's prospects, considering the long-term horizon implied by the October 2025 expirations for these active call options.