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High Options Trading Volume for FedEx, C.H. Robinson, Best Buy

Market Pulse: Notable options trading volumes were reported for FedEx, C.H. Robinson, and Best Buy, indicating potential stock price movements in the near future.

Date: 
AI Rating:   7

Options Trading Activity: The report highlights significant options trading volumes for FedEx Corp (FDX), C.H. Robinson Worldwide, Inc. (CHRW), and Best Buy Inc (BBY), which could point to investor sentiment and potential future stock price adjustments.

For FedEx, 12,066 contracts traded represent 1.2 million underlying shares, which is a substantial 80.6% of its average daily volume of 1.5 million shares. The specific interest in the $272.50 strike call option indicates bullish sentiment among traders, which might hint at expectations for price increases.

C.H. Robinson also experienced noteworthy activity with 7,444 contracts traded, covering approximately 744,400 underlying shares, or 80.5% of its average daily volume of 924,375 shares. The options interest at the $100 strike shows similar optimism within this stock, signaling a potential positive move.

Best Buy saw the most robust volume among the three, with 18,142 contracts representing 1.8 million underlying shares—about 78.1% of its average daily trading volume of 2.3 million shares. The spike in activity for the $88 strike option suggests that traders anticipate a favorable direction for this stock.