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Markets Score 35 Bullish

Unusual Call Option Volume Spikes for UPS and FedEx

Apr 16, 2026 18:17 UTC
UPS, FDX
Immediate term

Significant options activity was detected for United Parcel Service and FedEx, with high volumes in short-term call options. The activity represents nearly half of the average daily trading volume for both logistics giants.

  • UPS call options volume reached 31,632 contracts
  • UPS $108 strike calls expiring April 17 saw 11,163 contracts
  • FDX call options volume reached 9,801 contracts
  • FDX $390 strike calls expiring April 17 saw 7,175 contracts
  • Activity represents ~47-49% of average daily trading volume for both firms

Trading data from April 16 reveals a surge in call option activity for the logistics sector, specifically targeting United Parcel Service (UPS) and FedEx Corp (FDX). The spike in volume suggests increased speculative interest or strategic positioning by traders ahead of the April 17 expiration date. United Parcel Service saw a total of 31,632 contracts traded, equivalent to approximately 3.2 million underlying shares. This represents roughly 49% of the company's average daily trading volume of 6.4 million shares. The most active contract was the $108 strike call expiring April 17, which saw 11,163 contracts traded, representing 1.1 million underlying shares. Similarly, FedEx recorded 9,801 contracts, representing approximately 980,100 underlying shares. This volume accounts for 47% of FDX's average daily trading volume of 2.1 million shares. The $390 strike call expiring April 17 was the primary driver of this activity, with 7,175 contracts traded. While no specific fundamental catalyst was cited, the heavy concentration of call options indicates a bullish short-term sentiment among options traders for the shipping and logistics sector.

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