NEW YORK (AVAFIN) -- FedEx Corporation options set a new 90-day record for the number of call contracts that exchanged
hands between the buyers and the sellers. Aggregate volume of puts was 16,114 and calls
was 4,455 equating to a 3.62 put/call ratio.
The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation
of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a
stock move is imminent.
FDX is trading above the 50 day moving average and higher than
the 200 day moving average. FedEx Corporation opened at $95.04 and the stock price rose $1.66 (+1.75%)
to $96.77 during the market session. FDX is trading between the range of $94.78 - $96.91.
Performance indicators show that the stock has gained 3.70% within the last week.
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