FedEx (FDX) – Bullish Options Action Trade for Sept 17th, 2018
On Friday’s Options Action, the crew analyzed the performance of transportation stocks. The Dow Jones Transportation average has made new highs this past week, suggesting a leading sector of the economy. FedEx has underperformed the sector and reports earnings tomorrow, proving a catalyst to catchup to the group. Coupled with a cheap valuation and expecting a jump higher Michael Khouw suggests buying Nov 260/280 Call Vertical for a $5.90 Debit. As of Friday’s close, this spread is trading at $5.40.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: FDX Options Action
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