A Closer Look at FedEx's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on FedEx (NYSE:FDX) as indicated by significant options trades. Benzinga's options scanner detected 14 trades, with 13 being puts totaling $997,838 and 1 call totaling $42,127. The overall sentiment is 64% bearish. The price range targeted by these trades is $280.0 to $320.0. FedEx's stock is currently trading at $284.4, up by 0.08%.
August 16, 2024 | 7:31 pm
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Investors have taken a bearish stance on FedEx (NYSE:FDX) as indicated by significant options trades. Benzinga's options scanner detected 14 trades, with 13 being puts totaling $997,838 and 1 call totaling $42,127. The overall sentiment is 64% bearish. The price range targeted by these trades is $280.0 to $320.0. FedEx's stock is currently trading at $284.4, up by 0.08%.
The significant volume of bearish options trades (64% puts) suggests that investors expect a decline in FedEx's stock price. The high total amount of put trades ($997,838) further supports this bearish sentiment. Despite a slight increase in the stock price today, the overall market sentiment as indicated by options activity is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100