Benzinga | Dec 16, 2021 12:23PM EST

Looking At FedEx's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on FedEx (NYSE:FDX).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FDX, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 35 uncommon options trades for FedEx.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the special options we uncovered, 18 are puts, for a total amount of $835,130, and 17 are calls, for a total amount of $1,004,380.

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 $140.0 to $280.0 for FedEx over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for FedEx options trades today is 1406.52 with a total volume of 13,461.00.

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 $140.0 to $280.0 over the last 30 days.

FedEx Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestFDX CALL TRADE BULLISH 01/20/ $190.00 $179.2K 162 28 23FDX CALL SWEEP NEUTRAL 07/15/ $240.00 $170.5K 57 64 22FDX CALL TRADE NEUTRAL 01/19/ $140.00 $143.3K 17 13 24FDX PUT TRADE BEARISH 12/23/ $240.00 $85.1K 523 1.4K 21FDX PUT TRADE BEARISH 12/23/ $240.00 $78.8K 523 687 21

Where Is FedEx Standing Right Now?

* With a volume of 1,098,657.00, the price of FDX is up 0.63% at $242.3.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 0 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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.