Found this on the web today.
UPS is also drumming up some attention among options players, as about 4,000 contracts have changed hands today on the out-of-the-money April 80 call. As this strike was previously home to more than 17,500 open positions, these could be either liquidations or additions. The SOIR for UPS hit an annual high of 1.30 in mid-January before plunging dramatically at January options expiration. In the subsequent weeks, this indicator has reversed higher and currently stands at 0.85, in the 82nd annual percentile. The equity's short-interest picture continues to reveal signs of pessimism. There are 19 million UPS shares sold short, the highest reading since January 2004. It would take the bears more than nine days of trading at the stock's average daily volume to cover all of these bets in the event of continued strength in the shares. This bullishly configured short-interest scenario, combined with strong long-term price action and average options activity has helped earn UPS a Schaeffer's Gold Score of 8.5 out of a possible 10.0.
(Message edited by retired on February 16, 2005)