Financial giants have made a conspicuous bullish move on FedEx. Our analysis of options history for FedEx FDX revealed 15 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $964,382, and 2 were calls, valued at $114,100.
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 $210.0 to $310.0 for FedEx over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of FedEx stands at 1278.64, with a total volume reaching 8,461.00. 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 $210.0 to $310.0, throughout the last 30 days.
FedEx Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FDX | PUT | SWEEP | BEARISH | 08/16/24 | $5.95 | $5.9 | $5.9 | $290.00 | $309.7K | 3.9K | 1.6K |
| FDX | PUT | SWEEP | BULLISH | 08/16/24 | $2.72 | $2.17 | $2.22 | $280.00 | $136.0K | 1.9K | 943 |
| FDX | CALL | TRADE | BULLISH | 03/21/25 | $88.0 | $86.5 | $88.0 | $210.00 | $88.0K | 13 | 10 |
| FDX | PUT | SWEEP | BULLISH | 08/16/24 | $6.0 | $5.9 | $5.9 | $290.00 | $82.0K | 3.9K | 1.8K |
| FDX | PUT | SWEEP | BEARISH | 08/02/24 | $4.6 | $2.97 | $3.25 | $292.50 | $61.7K | 516 | 210 |
About FedEx
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended May 2024, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% 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, boosting the firm's presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
FedEx's Current Market Status
- Trading volume stands at 1,471,970, with FDX's price down by -2.18%, positioned at $291.33.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 48 days.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
