Looking At FedEx's Recent Unusual Options Activity

www.benzinga.com 03-06-2024 08:15 1 Minutes reading Positive 0.43
Whales with a lot of money to spend have taken a noticeably bullish stance on FedEx.Looking at options history for FedEx (NYSE:FDX) we detected 28 trades.If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 28% with bearish.From the overall spotted trades, 17 are puts, for a total amount of $569,217 and 11, calls, for a total amount of $346,169.What's The Price Target?Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $235.0 to $330.0 for FedEx over the last 3 months. Volume & Open Interest DevelopmentIn terms of liquidity and interest, the mean open interest for FedEx options trades today is 324.38 with a total volume of 1,703.00.In the following chart, we are able to follow the development of volume and ...Full story available on Benzinga.com

Related by source