Whales with a lot of money to spend have taken a noticeably bearish 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 35% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $440,496 and 17, calls, for a total amount of $1,294,820.
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 $195.0 to $450.0 for FedEx during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for FedEx options trades today is 844.13 with a total volume of 2,591.00.
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 $195.0 to $450.0 over the last 30 days.
FedEx Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FDX | CALL | SWEEP | BULLISH | 01/17/25 | $8.8 | $8.6 | $8.85 | $310.00 | $450.0K | 1.2K | 43 |
| FDX | CALL | TRADE | BULLISH | 01/15/27 | $70.25 | $69.05 | $70.25 | $260.00 | $133.4K | 53 | 19 |
| FDX | CALL | SWEEP | NEUTRAL | 12/19/25 | $27.8 | $25.15 | $26.66 | $320.00 | $130.7K | 142 | 49 |
| FDX | CALL | TRADE | NEUTRAL | 01/16/26 | $77.55 | $76.4 | $76.9 | $230.00 | $76.9K | 76 | 10 |
| FDX | CALL | TRADE | BULLISH | 01/15/27 | $77.35 | $74.6 | $76.65 | $250.00 | $76.6K | 26 | 10 |
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
- With a volume of 1,030,501, the price of FDX is up 1.22% at $289.78.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 38 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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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