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News

FedEx Unusual Options Activity

Author: Benzinga Insights | July 02, 2024 04:01pm

Whales with a lot of money to spend have taken a noticeably bearish stance on FedEx.

Looking at options history for FedEx (NYSE:FDX) we detected 18 trades.

If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $313,682 and 11, calls, for a total amount of $491,033.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $250.0 to $320.0 for FedEx during the past quarter.

Insights into 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 $250.0 to $320.0, over the past month.

FedEx Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
FDX PUT SWEEP BEARISH 01/16/26 $19.05 $18.55 $18.75 $260.00 $93.7K 86 0
FDX CALL SWEEP BEARISH 03/21/25 $20.5 $19.6 $19.6 $320.00 $62.7K 77 70
FDX CALL SWEEP NEUTRAL 08/02/24 $9.7 $9.6 $9.6 $295.00 $62.4K 565 1
FDX PUT TRADE BEARISH 07/05/24 $1.92 $1.84 $1.92 $297.50 $57.6K 1.5K 2.0K
FDX CALL SWEEP BEARISH 01/17/25 $30.25 $30.0 $30.0 $290.00 $57.0K 791 29

About FedEx

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended May 2024, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% 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, boosting the firm's presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.

Where Is FedEx Standing Right Now?

  • Currently trading with a volume of 1,234,496, the FDX's price is down by -0.23%, now at $297.98.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 78 days.

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.

Posted In: FDX