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 28 trades.
If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $569,217 and 11, calls, for a total amount of $346,169.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $235.0 to $330.0 for FedEx over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for FedEx options trades today is 324.38 with a total volume of 1,703.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for FedEx's big money trades within a strike price range of $235.0 to $330.0 over the last 30 days.
FedEx Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FDX | PUT | SWEEP | BULLISH | 12/20/24 | $37.9 | $37.85 | $37.88 | $280.00 | $45.4K | 205 | 74 |
| FDX | PUT | TRADE | BULLISH | 06/14/24 | $36.5 | $33.05 | $33.95 | $285.00 | $44.1K | 0 | 13 |
| FDX | CALL | SWEEP | BEARISH | 06/21/24 | $2.25 | $2.2 | $2.2 | $255.00 | $43.5K | 264 | 267 |
| FDX | PUT | TRADE | BULLISH | 06/14/24 | $41.5 | $37.7 | $38.95 | $290.00 | $42.8K | 0 | 11 |
| FDX | PUT | SWEEP | BULLISH | 12/20/24 | $38.9 | $37.85 | $37.83 | $280.00 | $41.6K | 205 | 13 |
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
Where Is FedEx Standing Right Now?
- With a trading volume of 1,335,602, the price of FDX is down by -2.1%, reaching $248.62.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 22 days from now.
Professional Analyst Ratings for FedEx
2 market experts have recently issued ratings for this stock, with a consensus target price of $314.5.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for FedEx, targeting a price of $296.
- An analyst from UBS persists with their Buy rating on FedEx, maintaining a target price of $333.
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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