Investors with a lot of money to spend have taken a bearish stance on FedEx FDX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FDX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for FedEx.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $265,969, and 7 are calls, for a total amount of $344,157.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $280.0 for FedEx over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for FedEx's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of FedEx's whale trades within a strike price range from $200.0 to $280.0 in the last 30 days.
FedEx 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | PUT | TRADE | BEARISH | 06/21/24 | $270.00 | $106.0K | 211 | 50 |
| FDX | CALL | SWEEP | NEUTRAL | 12/19/25 | $250.00 | $103.5K | 16 | 29 |
| FDX | CALL | SWEEP | BULLISH | 01/19/24 | $280.00 | $72.7K | 7.5K | 238 |
| FDX | PUT | SWEEP | BEARISH | 03/15/24 | $250.00 | $69.8K | 382 | 106 |
| FDX | PUT | TRADE | BULLISH | 03/15/24 | $260.00 | $65.1K | 240 | 4 |
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.
After a thorough review of the options trading surrounding FedEx, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
FedEx's Current Market Status
- With a volume of 973,028, the price of FDX is down -0.54% at $263.0.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 15 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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