Financial giants have made a conspicuous bearish move on FedEx. Our analysis of options history for FedEx FDX revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $101,416, and 9 were calls, valued at $784,747.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $220.0 to $270.0 for FedEx over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $220.0 to $270.0 in the last 30 days.
FedEx Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | CALL | TRADE | BEARISH | 01/19/24 | $220.00 | $158.3K | 1.0K | 49 |
| FDX | CALL | SWEEP | BULLISH | 04/19/24 | $260.00 | $152.4K | 1.5K | 508 |
| FDX | CALL | SWEEP | BEARISH | 04/19/24 | $260.00 | $115.1K | 1.5K | 102 |
| FDX | CALL | TRADE | BULLISH | 04/19/24 | $260.00 | $114.5K | 1.5K | 818 |
| FDX | CALL | TRADE | BEARISH | 04/19/24 | $260.00 | $111.0K | 1.5K | 105 |
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.
Following our analysis of the options activities associated with FedEx, we pivot to a closer look at the company's own performance.
Current Position of FedEx
- Trading volume stands at 1,009,273, with FDX's price up by 0.9%, positioned at $253.19.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 77 days.
Professional Analyst Ratings for FedEx
4 market experts have recently issued ratings for this stock, with a consensus target price of $302.5.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on FedEx with a target price of $305.
- An analyst from Stephens & Co. persists with their Overweight rating on FedEx, maintaining a target price of $320.
- An analyst from Barclays persists with their Overweight rating on FedEx, maintaining a target price of $310.
- An analyst from Raymond James persists with their Outperform rating on FedEx, maintaining a target price of $275.
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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