1 minute ago someone spent 525,000 dollars on the March puts at 90. That was one trade and at the higher price... this stock is headed much lower, probably will disappoint on earnings the week of option expiration.
I saw that trade too. I was thinking with oil up 4 today and a recession definitly in the cards that fedex will not meet guidance in two weeks causing a retest of the lows. If we get into the 70's then I would step up to buy. Long term growth looks good but short term pain to come. Good Luck