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 13 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $735,942 and 7, calls, for a total amount of $371,845.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $220.0 to $280.0 for FedEx over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of FedEx stands at 393.78, with a total volume reaching 1,339.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in FedEx, situated within the strike price corridor from $220.0 to $280.0, throughout 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 | 09/19/25 | $240.00 | $234.1K | 124 | 265 |
| FDX | PUT | SWEEP | BEARISH | 09/19/25 | $240.00 | $210.4K | 124 | 67 |
| FDX | CALL | SWEEP | BULLISH | 04/19/24 | $220.00 | $127.5K | 80 | 51 |
| FDX | PUT | SWEEP | BULLISH | 09/19/25 | $240.00 | $110.6K | 124 | 142 |
| FDX | PUT | SWEEP | BULLISH | 09/19/25 | $240.00 | $99.5K | 124 | 178 |
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.
Where Is FedEx Standing Right Now?
- With a trading volume of 449,176, the price of FDX is up by 0.41%, reaching $242.75.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 34 days from now.
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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