Whales with a lot of money to spend have taken a noticeably bullish stance on FedEx.
Looking at options history for FedEx FDX we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $53,185 and 6, calls, for a total amount of $248,698.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $300.0 for FedEx, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in FedEx's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to FedEx's substantial trades, within a strike price spectrum from $200.0 to $300.0 over the preceding 30 days.
FedEx Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FDX | CALL | TRADE | BULLISH | 06/21/24 | $7.3 | $6.95 | $7.16 | $260.00 | $71.6K | 1.7K | 15 |
| FDX | CALL | TRADE | BEARISH | 06/21/24 | $62.5 | $61.1 | $61.66 | $200.00 | $43.1K | 257 | 9 |
| FDX | CALL | SWEEP | BULLISH | 09/20/24 | $4.0 | $3.9 | $3.9 | $300.00 | $41.2K | 11.1K | 159 |
| FDX | CALL | TRADE | BEARISH | 07/19/24 | $18.75 | $18.35 | $18.5 | $250.00 | $37.0K | 335 | 0 |
| FDX | CALL | TRADE | BEARISH | 07/19/24 | $4.65 | $4.6 | $4.6 | $280.00 | $29.4K | 3.2K | 39 |
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.
Following our analysis of the options activities associated with FedEx, we pivot to a closer look at the company's own performance.
FedEx's Current Market Status
- With a trading volume of 376,789, the price of FDX is up by 1.13%, reaching $260.93.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 40 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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