Check Out What Whales Are Doing With FDX

A whale with a lot of money to spend has taken a noticeably bearish stance on FedEx.

Looking at options history for FedEx FDX we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $411,323 and 2, calls, for a total amount of $69,755.

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 $170.0 to $250.0 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 1479.57 with a total volume of 1,645.00.

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 $170.0 to $250.0 over the last 30 days.

FedEx Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
FDX PUT SWEEP BULLISH 07/21/23 $210.00 $54.3K 5.7K 133
FDX PUT TRADE BEARISH 01/17/25 $170.00 $42.9K 465 81
FDX PUT TRADE BULLISH 01/17/25 $170.00 $42.7K 465 119
FDX PUT SWEEP BEARISH 06/16/23 $230.00 $40.1K 1.7K 106
FDX CALL TRADE BEARISH 01/17/25 $250.00 $40.1K 194 14

Where Is FedEx Standing Right Now?

  • With a volume of 365,646, the price of FDX is down -0.34% at $227.9.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 28 days.

What The Experts Say On FedEx:

  • Deutsche Bank has decided to maintain their Buy rating on FedEx, which currently sits at a price target of $282.

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.

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Posted In: OptionsMarketsBZI-UOA
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