FedEx reports earnings on Thursday. If this event is to be played (I haven't quite decided yet), the 85 calls/puts will be the play. The question is whether the move will be big enough to offset the losses on the other side. At least a 4 dollar move will be needed in either direction to break even or make a small profit. I will post later, if I do decide that the trade is worth entering (It might be since traders might be looking to FedEx to be the economic barometer, and the FedEx results are expected to support or contradict the hopes of an economic recovery). The expected earnings are almost 100%+ higher than same period last year.
Back to the analysis I go...
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