The stock has done incredibly well relative to the rest of the market. However, earnings are out and the stock is extended in the intermediate term timeframe.
Over the past 10 days the stock is up 6.8%, which tends to be the peak in terms of near term returns. It’s also coming into previous support, potential resistance.
Here’s the trade:
Sell to Open UPS Apr 105/110 Bear Call Spread @0.60
It’s a low starting credit because UPS doesn’t have a large implied volatility to begin with.