Financial giants have made a conspicuous bullish move on FedEx. Our analysis of options history for FedEx FDX revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $248,115, and 5 were calls, valued at $150,054.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $300.0 for FedEx, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in FedEx's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to FedEx's substantial trades, within a strike price spectrum from $200.0 to $300.0 over the preceding 30 days.
FedEx Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FDX | PUT | SWEEP | BULLISH | 01/17/25 | $4.4 | $4.25 | $4.25 | $200.00 | $127.5K | 1.8K | 0 |
| FDX | PUT | SWEEP | BULLISH | 05/17/24 | $16.55 | $16.35 | $16.35 | $280.00 | $60.4K | 1.9K | 1 |
| FDX | CALL | TRADE | BULLISH | 01/17/25 | $17.45 | $16.55 | $17.1 | $290.00 | $34.2K | 506 | 20 |
| FDX | PUT | TRADE | BEARISH | 09/19/25 | $19.45 | $19.25 | $19.45 | $240.00 | $31.1K | 496 | 0 |
| FDX | CALL | SWEEP | BEARISH | 04/26/24 | $6.75 | $6.55 | $6.55 | $260.00 | $30.1K | 87 | 46 |
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.
Having examined the options trading patterns of FedEx, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is FedEx Standing Right Now?
- Trading volume stands at 211,080, with FDX's price down by 0.0%, positioned at $266.74.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 63 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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