Unpacking the Latest Options Trading Trends in FedEx
Unpacking the Latest Options Trading Trends in FedEx
Financial giants have made a conspicuous bullish move on FedEx. Our analysis of options history for FedEx (NYSE:FDX) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $52,815, and 6 were calls, valued at $368,580.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $270.0 to $335.0 for FedEx during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for FedEx options trades today is 1280.86 with a total volume of 1,653.00.
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 $270.0 to $335.0 over the last 30 days.
FedEx Option Activity Analysis: Last 30 Days
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 | SWEEP | BULLISH | 12/20/24 | $2.83 | $2.64 | $2.82 | $320.00 | $164.5K | 1.8K | 730 |
| FDX | CALL | SWEEP | BEARISH | 12/20/24 | $1.15 | $1.0 | $1.09 | $335.00 | $62.1K | 74 | 708 |
| FDX | CALL | SWEEP | BULLISH | 01/17/25 | $25.4 | $25.15 | $25.15 | $270.00 | $43.0K | 1.3K | 0 |
| FDX | CALL | TRADE | BEARISH | 01/15/27 | $54.95 | $53.55 | $53.55 | $290.00 | $37.4K | 51 | 7 |
| FDX | CALL | TRADE | BULLISH | 12/20/24 | $8.0 | $7.35 | $7.8 | $300.00 | $32.7K | 4.5K | 82 |
About FedEx
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, 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 came 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 its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
After a thorough review of the options trading surrounding FedEx, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of FedEx
- With a trading volume of 65,145, the price of FDX is up by 0.32%, reaching $284.33.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 3 days from now.
What Analysts Are Saying About FedEx
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $341.0.
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