UPS – Heavy Call Buying as Bulls Target a Trend Reversal

UPS hasn’t been a name on my screen for a while — the stock has been stuck in a long downtrend for nearly two years. But today’s flow changed the picture. A wave of aggressive call buying hit the tape, lining up with a bigger technical setup on both the daily and weekly charts. I took a small starter position and am watching for confirmation.

Options Flow

UPS saw multiple large sweeps and blocks hit this morning, all targeting the February 20, 2026 $110 calls.

Notable prints included:

• 8,181 contracts @ $1.65 (BLOCK) — $1.35M notional

• 3,000 contracts @ $1.694 (SWEEP) — ~$508K

• A steady stream of 150–300-contract sweeps hitting the ask or above-ask (A/AA), showing urgency.

The flow was consistent, stacked within minutes, and almost entirely on the ask or above the ask, which is exactly what you want to see in conviction-based flow.

The volume massively exceeded open interest, a strong sign that this is fresh positioning, not closing trades.

When multi-million dollar blocks line up with smaller-but-frequent sweeps in the same strike/expiration, that’s coordinated accumulation — the kind that often precedes a bigger move.

Technical Setup

Weekly Chart

UPS has spent almost two years trending lower, making lower highs under declining 34/50/89 MAs. But the last few weeks show a shift:

• MACD curling up from deeply negative territory — early-stage reversal behavior

• Price has reclaimed the 8 and 21 EMAs and is tightening just under the 50 MA, which is the first major resistance

• A high-volume node sits just above current price. If UPS can break through, there’s a volume gap up toward $116–120, which aligns with the flow’s $110 strike.

Daily Chart

The daily chart shows the same theme:

• A slow grind higher after putting in a base around $82

• MACD already crossed bullishly

• The TTM Squeeze histogram increasing, often a precursor to momentum expansion

• Price consolidating just beneath the 50 MA, which is flattening — the first sign that trend might be stabilizing instead of declining

This is the first time in a long time the weekly and daily charts are aligned on a potential new trend leg.

The Trade

The combination of:

• Multi-million dollar call buying

• Volume > OI

• Bullish momentum building on weekly and daily charts

• A cleaner upside gap toward $110–120

…makes UPS a name worth watching closely.

Full Disclosure: I grabbed a small starter position in the Feb 20, 2026 $110 calls. I’ll add only if the chart confirms with a breakout over the daily 50 MA and sustained strength into the week.

Disclaimer: This post is for informational and educational purposes only. Nothing here should be considered financial advice or a recommendation to buy or sell any security. Always do your own research and trade based on your own risk tolerance and strategy.