FedEx Unusual Options Activity

Investors with a lot of money to spend have taken a bullish 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 8 uncommon options trades for FedEx.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $203,508, and 2 are calls, for a total amount of $136,060.

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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 $260.0 for FedEx over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for FedEx options trades today is 163.5 with a total volume of 150.00.

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 $210.0 to $260.0 over the last 30 days.

FedEx Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Following our analysis of the options activities associated with FedEx, we pivot to a closer look at the company's own performance.

FedEx's Current Market Status

• With a trading volume of 394,849, the price of FDX is up by 1.49%, reaching $248.77.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 26 days from now.

Expert Opinions on FedEx

In the last month, 2 experts released ratings on this stock with an average target price of $314.5.

• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on FedEx with a target price of $333.
• An analyst from JP Morgan persists with their Neutral rating on FedEx, maintaining a target price of $296.

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.