Financial giants have made a conspicuous bullish move on FedEx. Our analysis of options history for FedEx FDX revealed 10 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $117,900, and 8 were calls, valued at $514,525.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $280.0 for FedEx, spanning the last three months.
Insights into Volume & Open Interest
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 $160.0 to $280.0 over the preceding 30 days.
FedEx 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FDX | CALL | TRADE | BULLISH | 10/18/24 | $92.05 | $89.05 | $91.0 | $180.00 | $182.0K | 100 | 20 |
| FDX | CALL | SWEEP | BULLISH | 10/25/24 | $2.14 | $1.65 | $2.14 | $275.00 | $105.9K | 1.2K | 664 |
| FDX | PUT | TRADE | BEARISH | 01/17/25 | $13.3 | $13.15 | $13.3 | $270.00 | $79.8K | 2.7K | 11 |
| FDX | CALL | TRADE | NEUTRAL | 12/20/24 | $46.15 | $44.1 | $45.1 | $230.00 | $45.1K | 113 | 10 |
| FDX | CALL | TRADE | NEUTRAL | 06/20/25 | $40.2 | $39.65 | $39.97 | $250.00 | $39.9K | 241 | 11 |
About FedEx
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came 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, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
Current Position of FedEx
- Currently trading with a volume of 872,681, the FDX's price is up by 1.9%, now at $270.96.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 64 days.
Professional Analyst Ratings for FedEx
5 market experts have recently issued ratings for this stock, with a consensus target price of $320.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on FedEx with a target price of $350. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on FedEx with a target price of $311. * An analyst from Citigroup has revised its rating downward to Buy, adjusting the price target to $301. * An analyst from Evercore ISI Group has decided to maintain their Outperform rating on FedEx, which currently sits at a price target of $318. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for FedEx, targeting a price of $320.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for FedEx with Benzinga Pro for real-time alerts.
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