Hello everyone! Today i want to share some option stratgies with you!
1.
$FedEx(FDX)$ releases earnings after the closing bell. Contemplating an optionselling trade, writing the 220/210 put credit spread, March 21 or 28 expiry.
▫️ Price is sitting just below the volume point-of-control
▫️ Last line of volume support is at 220, and then not much to keep it propped up until 160
▫️ Expected move is ~7%, placing downside to 230 and upside to 265 (subject to change based on price action)
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