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 73% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $520,105, and 7 were calls, valued at $322,021.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $280.0 for FedEx over the last 3 months.
Volume & Open Interest Development
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 $160.0 to $280.0 in the last 30 days.
FedEx Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | PUT | TRADE | BULLISH | 01/17/25 | $280.00 | $189.2K | 173 | 50 |
| FDX | PUT | TRADE | BEARISH | 12/19/25 | $240.00 | $79.3K | 106 | 30 |
| FDX | PUT | TRADE | BULLISH | 03/15/24 | $260.00 | $60.5K | 707 | 50 |
| FDX | PUT | TRADE | BEARISH | 01/17/25 | $220.00 | $57.7K | 891 | 50 |
| FDX | CALL | SWEEP | BULLISH | 01/26/24 | $250.00 | $55.4K | 5.8K | 155 |
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.
Present Market Standing of FedEx
- Currently trading with a volume of 680,129, the FDX's price is up by 0.26%, now at $251.33.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 51 days.
What The Experts Say On FedEx
In the last month, 2 experts released ratings on this stock with an average target price of $307.5.
- In a positive move, an analyst from Melius Research has upgraded their rating to Buy and adjusted the price target to $310.
- An analyst from Stifel persists with their Buy rating on FedEx, maintaining 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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