Profit From the Chop in United Parcel Service, Inc. (UPS) Stock - Investor Place
UPS stock's movement is unpredictable even if its business model isn't
For a company with such a plain business model United Parcel Service, Inc. (NYSE:UPS) stock is very choppy. It rallied as much as 40% from the January 2016 low to the December high. It has since given back more than 10% but still is within that much of its all-time high.
Even though UPS trades in a choppy manner, it does it within predictable ranges and this makes trading its stock using options relatively easy. There I can sell risk against proven support levels and let time do the rest.
UPS stock's movement is unpredictable even if its business model isn't
For a company with such a plain business model United Parcel Service, Inc. (NYSE:UPS) stock is very choppy. It rallied as much as 40% from the January 2016 low to the December high. It has since given back more than 10% but still is within that much of its all-time high.
Even though UPS trades in a choppy manner, it does it within predictable ranges and this makes trading its stock using options relatively easy. There I can sell risk against proven support levels and let time do the rest.
