A Closer Look at XPO's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bearish stance on XPO.

Looking at options history for XPO XPO we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $826,840 and 8, calls, for a total amount of $519,361.

Latest Startup Investment Opportunities:

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 $70.0 to $135.0 for XPO over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of XPO stands at 302.75, with a total volume reaching 1,597.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in XPO, situated within the strike price corridor from $70.0 to $135.0, throughout the last 30 days.

XPO Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

In light of the recent options history for XPO, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of XPO

• Currently trading with a volume of 1,710,890, the XPO's price is down by 0.0%, now at $116.54.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 84 days.

What The Experts Say On XPO

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $118.6.

• An analyst from Oppenheimer has decided to maintain their Outperform rating on XPO, which currently sits at a price target of $100.
• An analyst from Stifel has decided to maintain their Hold rating on XPO, which currently sits at a price target of $87.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on XPO with a target price of $126.
• An analyst from BMO Capital has decided to maintain their Outperform rating on XPO, which currently sits at a price target of $145.
• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on XPO with a target price of $135.

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.