Options trading in FedEx Corp. intensified during the first half of Tuesday's session, with total contract volume reaching 15,755 by 1:50 p.m. New York time, based on exchange data. The session's activity was skewed toward puts, which totaled 9,424 contracts, compared with 6,331 calls.
Among individual contracts, the June 26, 2026 $375 call was the single most active option, registering 672 contracts traded and showing open interest of 103 contracts. That call led turnover even as overall put volume exceeded call volume for the session.
A notable multi-leg position that saw heavy participation was a calendar spread pairing the July 2, 2026 $325 put with the June 26, 2026 $325 put. That spread accounted for 634 contracts in total. Breaking down the legs, the June 26, 2026 $325 put recorded 316 contracts with open interest of 137 contracts, while the July 2, 2026 $325 put recorded 318 contracts and had open interest of 160 contracts.
Another high-volume put was the June 26, 2026 $250 strike, which saw 585 contracts traded and reported open interest of 174 contracts. The session's distribution of activity therefore included both single-leg trades and a multi-leg calendar strategy concentrated around the $325 strike and a busy $375 call.
The data through mid-afternoon indicates a strong session of options turnover in FedEx shares, with market participants executing sizable volumes across several expirations and strikes. The breakdown of contracts and the open interest figures for the highlighted strikes provide a snapshot of where traders concentrated their activity on Tuesday afternoon.
Detailed contract figures (as recorded by 1:50 p.m. New York time on Tuesday):
- Total options volume: 15,755 contracts
- Put volume: 9,424 contracts
- Call volume: 6,331 contracts
- Most active single contract: June 26, 2026 $375 call - 672 contracts, open interest 103
- Calendar spread: July 2, 2026 $325 put / June 26, 2026 $325 put - 634 contracts
- June 26, 2026 $325 put: 316 contracts, open interest 137
- July 2, 2026 $325 put: 318 contracts, open interest 160
- June 26, 2026 $250 put: 585 contracts, open interest 174