Noteworthy Friday Option Activity: LULU, UPS, GOOG

UPS and Alphabet (GOOG) are experiencing significantly elevated options trading volume today, with UPS seeing 3.5 million underlying shares traded (76.9% of its average daily volume) and GOOG seeing 19.4 million (74.9% of its average daily volume); the most active calls were the June 20, 2025 $101 strike for UPS and the June 20, 2025 $172.50 strike for GOOG.

Analysis

United Parcel Service (UPS) and Alphabet (GOOG) are both experiencing unusually high options market activity, representing a significant portion of their respective average daily stock trading volumes. For UPS, the options volume equates to 3.5 million underlying shares, or 76.9% of its monthly average daily volume, with a notable concentration in the June 20, 2025, $101 strike call options, which accounted for 25,886 contracts. Similarly, Alphabet's options volume represents 19.4 million underlying shares, or 74.9% of its average, with a specific focus on the June 20, 2025, $172.50 strike call options, which saw 16,523 contracts traded. The high concentration in these specific long-dated call options suggests significant, targeted bullish bets are being placed on both companies, indicating a belief in substantial price appreciation over the next year.

Key Decisions for Investors

• Investors should take note of the significant, concentrated call buying in UPS and GOOG as a strong technical signal of bullish sentiment from potentially large or institutional market participants.
• Given the long-term expiration date of June 2025 for the most active contracts, this activity may suggest conviction in the fundamental outlook for both companies over the coming year, rather than short-term speculation.