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FedEx, Accenture, and IBM See Surge in Options Trading Volume

Options trading activity has surged significantly for FedEx, Accenture, and IBM. This uptick indicates investor interest and may impact stock prices positively in the near term. Investors should monitor these developments closely.

Date: 
AI Rating:   6

Options Trading Surge
Recent analysis reveals a marked increase in options trading volume for key S&P 500 companies: FedEx Corp (FDX), Accenture plc (ACN), and International Business Machines Corp (IBM). This surge indicates heightened investor interest and potential stock price movements.

For FedEx, the volume reached 20,100 contracts, equating to approximately 2.0 million underlying shares, which is about 121.3% of its average daily trading volume. The $270 strike call option, set to expire on March 21, 2025, saw notable activity with 1,070 contracts trading, indicating bullish sentiment among traders.

Accenture's activity was similarly robust, with 26,534 contracts traded, representing about 2.7 million underlying shares, or 79.8% of its average daily volume. Traders particularly favored the $305 strike call option, suggesting expectations for the company's stock to rise.

IBM also reported significant trading with 34,076 contracts, about 3.4 million underlying shares, 71.6% of its average volume. The $245 strike call option noted a considerable 3,414 contracts trading. This pattern reflects traders' optimism regarding IBM's performance in the future.