Financial giants have made a conspicuous bearish move on FedEx. Our analysis of options history for FedEx FDX revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $197,182, and 3 were calls, valued at $93,354.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $230.0 to $260.0 for FedEx during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of FedEx stands at 748.14, with a total volume reaching 1,152.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in FedEx, situated within the strike price corridor from $230.0 to $260.0, throughout the last 30 days.
FedEx Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | PUT | SWEEP | BEARISH | 02/02/24 | $242.50 | $59.8K | 1.6K | 350 |
| FDX | PUT | SWEEP | BEARISH | 02/02/24 | $242.50 | $44.0K | 1.6K | 467 |
| FDX | PUT | TRADE | BULLISH | 06/21/24 | $230.00 | $39.6K | 2.7K | 89 |
| FDX | CALL | TRADE | NEUTRAL | 03/15/24 | $240.00 | $34.6K | 665 | 0 |
| FDX | CALL | SWEEP | BEARISH | 02/02/24 | $237.50 | $32.6K | 1 | 81 |
About FedEx
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.
Having examined the options trading patterns of FedEx, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of FedEx
- With a volume of 532,257, the price of FDX is down -1.76% at $243.67.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 44 days.
Expert Opinions on FedEx
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $307.5.
- An analyst from Stifel has decided to maintain their Buy rating on FedEx, which currently sits at a price target of $305.
- Showing optimism, an analyst from Melius Research upgrades its rating to Buy with a revised price target of $310.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for FedEx, Benzinga Pro gives you real-time options trades alerts.
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