FedEx Corporation FDX is scheduled to release quarterly results after the closing bell on Sept. 20.
On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said FedEx traded more than three times its average daily options volume on Tuesday, with calls slightly outpacing puts.
Options markets are implying a move of +/-5.1% by the end of the week following the release of earnings.
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There were buyers of more than 4,300 of the Sept. 22 weekly 270-calls at an average price of 65 cents per contract, Khouw mentioned.
Trader sees FedEx’s shares surging post the release of quarterly earnings results.
Analysts are expecting FedEx to have earned $3.74 per share on revenue of $21.81 billion for the latest quarter.
Price Action: FedEx shares rose 0.3% to close at $249.99 on Tuesday, and added another 0.2% in today’s pre-market trading session.
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