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

Looking at options hi🐈st꧂ory for FedEx FDX we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 50% with bearish.From the overall spotted trades, 8 are puts, for a total amount of $305,995 and 4, calls, for a total amount of $154,569.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $260.0 to $310.0 for FedEx over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.This data can help you track the liquidity and interest for FedEx's options for a given strike price.Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of FedEx's whale activity within a strike price range from $260.0 to $310.0 in the last 30 days.

FedEx Option Volume And Open Interest Over Last 30 Days

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	09/20/24	$23.45	$23.3	$23.45	$280.00	$51.6K	281	43
FDX	PUT	SWEEP	BEARISH	07/19/24	$9.2	$9.05	$9.2	$260.00	$47.8K	663	71
FDX	CALL	SWEEP	BEARISH	09/20/24	$4.6	$4.45	$4.5	$310.00	$45.0K	100	100
FDX	PUT	TRADE	BULLISH	05/03/24	$16.65	$15.25	$15.75	$282.50	$44.1K	0	28
FDX	CALL	SWEEP	BEARISH	05/17/24	$3.75	$3.6	$3.6	$270.00	$43.2K	870	137

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.

FedEx's Current Market Status

• With a volume of 676,250, the price of FDX is up 0.33% at $266.39.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 53 days.

Professional Analyst Ratings for 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 $321.5.

• An analyst from B of A Securities persists with their Buy rating on FedEx, maintaining a target price of $340.
• An analyst from Stifel has decided to maintain their Buy rating on FedEx, which currently sits at a price target of $303.

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 .