Whales with a lot of money to spend have taken a noticeably bearish stance on FedEx.
Looking at options history for FedEx FDX we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $639,774 and 2, calls, for a total amount of $79,225.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $310.0 for FedEx over the last 3 months.
Volume & Open Interest Trends
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 $195.0 to $310.0 in the last 30 days.
FedEx Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | PUT | SWEEP | BULLISH | 02/16/24 | $240.00 | $182.5K | 1.5K | 954 |
| FDX | PUT | SWEEP | BULLISH | 02/23/24 | $245.00 | $113.6K | 8 | 858 |
| FDX | PUT | SWEEP | BULLISH | 02/23/24 | $245.00 | $99.2K | 8 | 1.3K |
| FDX | PUT | SWEEP | BEARISH | 09/20/24 | $240.00 | $53.2K | 36 | 35 |
| FDX | PUT | SWEEP | BEARISH | 06/21/24 | $200.00 | $49.4K | 1.2K | 200 |
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.
In light of the recent options history for FedEx, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of FedEx
- With a volume of 608,146, the price of FDX is down -0.2% at $246.76.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 64 days.
Expert Opinions on FedEx
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $301.0.
- An analyst from JP Morgan persists with their Neutral rating on FedEx, maintaining a target price of $305.
- An analyst from Barclays persists with their Overweight rating on FedEx, maintaining a target price of $310.
- An analyst from Melius Research has elevated its stance to Buy, setting a new price target at $310.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on FedEx with a target price of $275.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on FedEx with a target price of $305.
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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