FDX Short after ER. FDX closed out today at a key level. Keep an eye out too see what happens tomorrow. After hours we are looking a small red. We are sitting at a key pivot point
Fedex Earnings Play - Butterfly
20 point wide legs hoping implied volatility will pop.
What do you think about this butterfly options strategy? How is this earnings play going to work out?
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Both these stocks are beneficiaries of the "stay at home" trend. As a result, they've gone parabolic, and appear to be in the distribution phase. Risk to reward for taking a short seems to be quite lucrative !
𝙒𝙄𝙇𝙇 𝙁𝙀𝘿𝙀𝙓 𝘿𝙀𝙇𝙄𝙑𝙀𝙍 𝙏𝙃𝙀 𝙀𝘼𝙍𝙉𝙄𝙉𝙂𝙎 𝙀𝙑𝙀𝙍𝙔𝙊𝙉𝙀 𝙒𝘼𝙉𝙏𝙎?
Price has slightly dipped below the channel but not in any tangible way. The volume has been quite flat; and the RSI is dropping off - but if the next cycle of earnings are strong there is lots of opportunity on this chart.
Back test of how to scalp PUTS on Stocks Options.
Hope this videos gives you insight to finding optimum entries with targets and stop losses. Risk Management is Key to your success.
Plan the trade, trade the plan. Trade safe and don't be greedy. ~In Nexus We Trust
FDX is forming the ascending triangle. The good news on vaccine delivery and earnings this week could take this price higher. I plan to play to the upside if it breaks 294 tg1 300 tg2 306.
FEDX
Fedex should be on your watchlist for next week.
Up coming thursday is earnings, the earnings are promising and FDX
will deliver the first wave of vaccine. Big catalyst to based volume on.
Daily chart has shown that FDX respect the fib very well.
The .382 fib is important but we could still see it touching
the .50 fib.
Levels to watch are : .618 and .500...
