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News

FedEx Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | June 17, 2024 02:01pm

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 24 extraordinary options activities for FedEx. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 45% leaning bullish and 50% bearish. Among these notable options, 14 are puts, totaling $661,534, and 10 are calls, amounting to $635,374.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $230.0 to $310.0 for FedEx during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for FedEx's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across FedEx's significant trades, within a strike price range of $230.0 to $310.0, over the past month.

FedEx Option Activity Analysis: Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
FDX CALL TRADE BEARISH 09/19/25 $34.5 $32.05 $32.2 $250.00 $193.2K 100 0
FDX PUT SWEEP BULLISH 01/17/25 $63.85 $63.5 $63.5 $310.00 $171.4K 207 20
FDX CALL SWEEP BULLISH 06/20/25 $35.0 $34.85 $35.0 $240.00 $108.5K 163 0
FDX PUT TRADE BEARISH 06/21/24 $19.45 $17.8 $19.12 $265.00 $86.0K 0 0
FDX CALL SWEEP BEARISH 08/16/24 $8.25 $8.1 $8.15 $260.00 $66.8K 14 512

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

FedEx's Current Market Status

  • Currently trading with a volume of 592,247, the FDX's price is up by 1.18%, now at $249.34.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 8 days.

What The Experts Say On FedEx

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $301.3333333333333.

  • In a cautious move, an analyst from Wells Fargo downgraded its rating to Equal-Weight, setting a price target of $275.
  • Maintaining their stance, an analyst from UBS continues to hold a Buy rating for FedEx, targeting a price of $333.
  • An analyst from JP Morgan has decided to maintain their Neutral rating on FedEx, which currently sits at a price target of $296.

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.

Posted In: FDX