8/15/2024-Unusual Options Activity In Fedex (FDX)

$FDX-Bearish flow noted in Fedex (285.17 +1.84) with 5,191 puts trading, or 1.5x expected. The Put/Call Ratio is 2.50, while ATM IV is up over 1 point on the day. Earnings are expected on 09/19. The SEP 13th 275.00 Puts are being bought.