Investors with a lot of money to spend have taken a bearish stance on FedEx FDX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FDX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for FedEx.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $198,681, and 6 are calls, for a total amount of $166,233.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $195.0 to $290.0 for FedEx during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for FedEx options trades today is 231.56 with a total volume of 407.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for FedEx's big money trades within a strike price range of $195.0 to $290.0 over the last 30 days.
FedEx 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FDX | PUT | SWEEP | BULLISH | 04/19/24 | $280.00 | $97.7K | 207 | 36 |
| FDX | PUT | SWEEP | NEUTRAL | 03/22/24 | $240.00 | $37.2K | 532 | 253 |
| FDX | PUT | SWEEP | BEARISH | 01/17/25 | $270.00 | $33.1K | 324 | 21 |
| FDX | PUT | SWEEP | BEARISH | 01/17/25 | $270.00 | $30.5K | 324 | 0 |
| FDX | CALL | TRADE | BULLISH | 03/28/24 | $195.00 | $30.0K | 6 | 5 |
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.
After a thorough review of the options trading surrounding FedEx, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
FedEx's Current Market Status
- Currently trading with a volume of 158,863, the FDX's price is up by 0.29%, now at $253.92.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 2 days.
Expert Opinions on FedEx
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $195.0.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on FedEx with a target price of $195.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for FedEx, targeting a price of $195.
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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