Whales with a lot of money to spend have taken a noticeably bullish stance on XPO.
Looking at options history for XPO XPO we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 73% of the investors opened trades with bullish expectations and 26% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $140,780 and 15, calls, for a total amount of $1,464,955.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $130.0 for XPO 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 XPO's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across XPO's significant trades, within a strike price range of $70.0 to $130.0, over the past month.
XPO Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XPO | CALL | SWEEP | BULLISH | 06/21/24 | $37.1 | $36.9 | $37.1 | $70.00 | $593.6K | 407 | 1 |
| XPO | CALL | SWEEP | BULLISH | 06/21/24 | $37.1 | $36.1 | $37.1 | $70.00 | $322.7K | 407 | 263 |
| XPO | CALL | SWEEP | BULLISH | 06/21/24 | $37.1 | $35.8 | $37.1 | $70.00 | $181.7K | 407 | 163 |
| XPO | CALL | TRADE | BEARISH | 05/17/24 | $4.5 | $4.1 | $4.1 | $115.00 | $61.5K | 756 | 3 |
| XPO | PUT | TRADE | BEARISH | 05/17/24 | $11.3 | $11.1 | $11.3 | $115.00 | $48.5K | 4.6K | 211 |
About XPO
Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. On a pro forma basis for the November RXO spinoff, We estimate LTL shipping now makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. That said, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.
After a thorough review of the options trading surrounding XPO, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is XPO Standing Right Now?
- Currently trading with a volume of 2,822,417, the XPO's price is down by -10.51%, now at $105.82.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 7 days.
Professional Analyst Ratings for XPO
In the last month, 4 experts released ratings on this stock with an average target price of $141.0.
- An analyst from Oppenheimer persists with their Outperform rating on XPO, maintaining a target price of $140.
- An analyst from Raymond James has decided to maintain their Outperform rating on XPO, which currently sits at a price target of $145.
- An analyst from Benchmark has decided to maintain their Buy rating on XPO, which currently sits at a price target of $140.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for XPO, targeting a price of $139.
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 XPO, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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