Financial giants have made a conspicuous bullish move on FedEx. Our analysis of options history for FedEx FDX revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $83,025, and 10 were calls, valued at $503,456.
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 $180.0 to $315.0 for FedEx during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of FedEx stands at 588.75, with a total volume reaching 1,024.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in FedEx, situated within the strike price corridor from $180.0 to $315.0, throughout the last 30 days.
FedEx Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FDX | CALL | TRADE | BULLISH | 01/17/25 | $101.85 | $100.7 | $101.42 | $180.00 | $131.8K | 90 | 13 |
| FDX | CALL | TRADE | BEARISH | 01/15/27 | $94.1 | $93.5 | $93.5 | $210.00 | $93.5K | 0 | 10 |
| FDX | CALL | SWEEP | BULLISH | 06/20/25 | $17.85 | $17.3 | $17.85 | $300.00 | $57.1K | 1.7K | 32 |
| FDX | PUT | TRADE | NEUTRAL | 12/27/24 | $14.55 | $14.1 | $14.35 | $280.00 | $43.0K | 1.0K | 30 |
| FDX | CALL | TRADE | BEARISH | 03/21/25 | $27.5 | $27.3 | $27.3 | $270.00 | $40.9K | 1.3K | 15 |
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.
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
Current Position of FedEx
- With a volume of 175,133, the price of FDX is up 0.19% at $280.05.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 9 days.
What The Experts Say On FedEx
In the last month, 4 experts released ratings on this stock with an average target price of $344.5.
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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. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for FedEx, targeting a price of $365. * An analyst from Citigroup persists with their Buy rating on FedEx, maintaining a target price of $331. * An analyst from Bernstein has revised its rating downward to Market Perform, adjusting the price target to $316. * An analyst from JP Morgan has decided to maintain their Overweight rating on FedEx, which currently sits at a price target of $366.
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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