Noteworthy Thursday Option Activity: FANG, UPS, SOFI

UPS and SoFi Technologies are experiencing significantly elevated options trading volume today, with UPS seeing 35,318 contracts traded (64.9% of its average daily volume) and SoFi seeing 374,067 contracts traded (64.3% of its average daily volume). Notably, the $110 strike put option for UPS expiring June 20, 2025, and the $14 strike call option for SoFi expiring June 6, 2025, are exhibiting particularly high activity.

Analysis

United Parcel Service (UPS) and SoFi Technologies (SOFI) are exhibiting notable options market activity. UPS recorded options volume of 35,318 contracts, equivalent to approximately 3.5 million underlying shares, representing a significant 64.9% of its average daily share trading volume. A key area of activity is the $110 strike put option expiring June 20, 2025, which saw 7,451 contracts traded. Concurrently, SoFi Technologies experienced options volume of 374,067 contracts, corresponding to roughly 37.4 million underlying shares, or 64.3% of its average daily share volume. For SOFI, the $14 strike call option expiring June 06, 2025, was particularly active with 27,413 contracts changing hands. This elevated and concentrated options activity, occurring amidst a neutral overall sentiment signal for both stocks, suggests heightened investor focus and potential strategic positioning in these equities. The 2025 expiration dates for these active contracts indicate that these positions are being taken with a medium-term outlook.

Key Decisions for Investors

• Investors should scrutinize the $110 strike level for UPS, as the substantial put volume for June 2025 expiration may indicate bearish expectations or considerable hedging activity against declines below this price point.
• The pronounced volume in SOFI's $14 strike call options, also expiring in June 2025, suggests bullish speculation or strategic upside positioning; further due diligence on catalysts that could support a stock price movement towards or beyond this strike is advised.