Whales with a lot of money to spend have taken a noticeably bullish stance on FedEx.
Looking at options history for FedEx FDX we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $462,642 and 4, calls, for a total amount of $187,033.
Predicted Price Range
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 $300.0 for FedEx during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for FedEx's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across FedEx's significant trades, within a strike price range of $180.0 to $300.0, over the past month.
FedEx 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | PUT | TRADE | BULLISH | 01/19/24 | $285.00 | $190.0K | 323 | 55 |
| FDX | PUT | TRADE | BEARISH | 01/19/24 | $280.00 | $99.5K | 175 | 51 |
| FDX | PUT | TRADE | BULLISH | 01/19/24 | $280.00 | $67.2K | 175 | 20 |
| FDX | CALL | SWEEP | BEARISH | 12/20/24 | $300.00 | $66.8K | 110 | 87 |
| FDX | CALL | SWEEP | BEARISH | 02/16/24 | $270.00 | $59.1K | 4.2K | 894 |
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.
Current Position of FedEx
- With a trading volume of 1,688,863, the price of FDX is down by -0.05%, reaching $247.51.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 70 days from now.
Professional Analyst Ratings for FedEx
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $302.5.
- An analyst from JP Morgan has decided to maintain their Neutral rating on FedEx, which currently sits at a price target of $305.
- An analyst from Stephens & Co. persists with their Overweight rating on FedEx, maintaining a target price of $320.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on FedEx with a target price of $275.
- An analyst from Barclays persists with their Overweight rating on FedEx, maintaining a target price of $310.
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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