If you haven`t bought FDX ahead of the previous earnings:
Then analyzing the options chain and the chart patterns 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 2024-6-21, for a premium of approximately $16.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade chiuso: obiettivo raggiunto
FDX traded at $291.27 after earnings, and the Calls went up from $16.50 (when I wrote this article) to $39.90 at the close on friday (even higher intraday), for about 2.40X gain! Congrats to those who bought the calls!
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