Financial giants have made a conspicuous bullish move on XPO. Our analysis of options history for XPO XPO revealed 12 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $180,061, and 7 were calls, valued at $1,769,681.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $120.0 for XPO during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for XPO options trades today is 1541.14 with a total volume of 19,113.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for XPO's big money trades within a strike price range of $95.0 to $120.0 over the last 30 days.
XPO 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XPO | CALL | SWEEP | NEUTRAL | 05/17/24 | $5.8 | $5.6 | $5.65 | $110.00 | $1.0M | 2.1K | 1.8K |
| XPO | CALL | SWEEP | BEARISH | 05/17/24 | $2.7 | $2.5 | $2.5 | $120.00 | $473.7K | 1.3K | 1.8K |
| XPO | CALL | SWEEP | BULLISH | 06/21/24 | $13.9 | $13.6 | $13.9 | $100.00 | $69.5K | 418 | 0 |
| XPO | CALL | SWEEP | BULLISH | 05/17/24 | $6.7 | $6.6 | $6.7 | $110.00 | $50.2K | 2.1K | 2.4K |
| XPO | CALL | SWEEP | BULLISH | 05/17/24 | $6.1 | $6.0 | $6.1 | $110.00 | $48.1K | 2.1K | 2.1K |
About XPO
Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. On a pro forma basis for the November RXO spinoff, We estimate LTL shipping now makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. That said, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.
Having examined the options trading patterns of XPO, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of XPO
- With a trading volume of 1,551,412, the price of XPO is up by 2.83%, reaching $109.39.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 1 days from now.
Expert Opinions on XPO
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $141.0.
- An analyst from Benchmark persists with their Buy rating on XPO, maintaining a target price of $140.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on XPO with a target price of $140.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for XPO, targeting a price of $145.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for XPO, targeting a price of $139.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest XPO options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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