High-rolling investors have positioned themselves bearish on FedEx FDX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FDX often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for FedEx. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $28,855, and 8 calls, totaling $1,330,530.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $240.0 for FedEx over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for FedEx options trades today is 328.83 with a total volume of 254.00.
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 $200.0 to $240.0 over the last 30 days.
FedEx Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
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 | $58.2 | $54.75 | $57.0 | $220.00 | $513.0K | 271 | 90 |
FDX | CALL | TRADE | BEARISH | 03/21/25 | $40.9 | $40.3 | $40.3 | $240.00 | $362.6K | 81 | 0 |
FDX | CALL | SWEEP | BULLISH | 03/21/25 | $79.4 | $78.5 | $78.5 | $200.00 | $172.7K | 225 | 7 |
FDX | CALL | TRADE | BEARISH | 01/17/25 | $37.3 | $36.0 | $36.0 | $240.00 | $82.8K | 438 | 23 |
FDX | CALL | TRADE | BEARISH | 01/17/25 | $47.75 | $45.5 | $45.5 | $230.00 | $68.2K | 362 | 30 |
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.
Present Market Standing of FedEx
- Currently trading with a volume of 267,982, the FDX's price is up by 0.01%, now at $276.62.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 63 days.
What The Experts Say On FedEx
5 market experts have recently issued ratings for this stock, with a consensus target price of $360.2.
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. * An analyst from Loop Capital has elevated its stance to Buy, setting a new price target at $365. * Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on FedEx with a target price of $368. * An analyst from JP Morgan has decided to maintain their Overweight rating on FedEx, which currently sits at a price target of $370. * An analyst from UBS persists with their Buy rating on FedEx, maintaining a target price of $350. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on FedEx with a target price of $348.
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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