Deep-pocketed investors have adopted a bearish approach towards FedEx FDX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FDX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for FedEx. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 61% bearish. Among these notable options, 9 are puts, totaling $477,855, and 12 are calls, amounting to $957,118.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $180.0 to $320.0 for FedEx over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for FedEx options trades today is 581.73 with a total volume of 641.00.
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 $180.0 to $320.0 over the last 30 days.
FedEx Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | CALL | TRADE | BULLISH | 01/19/24 | $180.00 | $206.0K | 215 | 40 |
| FDX | CALL | TRADE | BEARISH | 01/19/24 | $180.00 | $198.0K | 215 | 20 |
| FDX | PUT | SWEEP | BULLISH | 01/17/25 | $280.00 | $122.4K | 174 | 45 |
| FDX | PUT | SWEEP | BULLISH | 01/17/25 | $280.00 | $81.7K | 174 | 75 |
| FDX | CALL | TRADE | BEARISH | 01/19/24 | $230.00 | $79.6K | 1.8K | 80 |
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.
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
Where Is FedEx Standing Right Now?
- Currently trading with a volume of 1,077,661, the FDX's price is up by 1.21%, now at $277.15.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 5 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest FedEx options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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