Deep-pocketed investors have adopted a bearish approach towards FedEx (NYSE:FDX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FDX usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for FedEx. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 38% leaning bullish and 61% bearish. Among these notable options, 9 are puts, totaling $477,855, and 12 are calls, amounting to $957,118.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $180.0 to $320.0 for FedEx over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for FedEx options trades today is 581.73 with a total volume of 641.00.

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 $180.0 to $320.0 over the last 30 days.

FedEx Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About FedEx

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?

• Currently trading with a volume of 1,077,661, the FDX's price is up by 1.21%, now at $277.15.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 5 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest FedEx options trades with real-time alerts from Benzinga Pro.