FedEx Options Alert (FDX)

Posted in Options 
October 29th, 2009

FedEx Corporation (NASDAQ: FDX) has seen a very bullish options bet for December in a risk reversal as the trader sells 6,500 $65 puts at $0.975 and buys the same number of $85 calls at $0.95 for a small credit trade.  Shares are looking fairly good on the chart with a $72.50 support level from an earnings gap holding strong.  After the strong results and holiday forecast from Amazon, FedEx could expect a strong season from online shoppers.  Shares are also deemed a much better value play than UPS.

Joe Kunkle, OptionsHawk.com

12:55 PM EST

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