Then analyzing the options chain of FDX FedEx Corporation prior to the earnings report this week, I would consider purchasing the 250usd strike price Calls with an expiration date of 2023-7-21 for a premium of approximately $3.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it!
Trade closed: target reached
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FDX reached $250.08 after the earnings. Haven`t monitored the options for it.
It was a good one!! thanks for sharing hope we will get some more wonderful ideas like this
TopgOptions
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@AMIT-RAJAN, thanks for your message. I really appreciate it!
Link2AA
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Made some amount with this idea, thanks for sharing and helping the community across the globe. Keep shining mate.
TopgOptions
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@link2azam143, thanks for following me! you need to do your own research before investing!
unclesam1
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How is FDX? Still bullish?
TopgOptions
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@unclesam1, 30 minutes before the market close, there were approximately 66% puts and 33% calls. The puts had a short-term expiration date, while the calls expired on or after July 21. It is important to constantly monitor the options market as it can be very volatile. The trading idea was published based on the information available at a specific time, so it is necessary to remain flexible.