Compression Breakout in FDX

[Steven Place]

After the stock doing nothing for a month, I’m looking for a breakout in this stock with a 145 target.

 

If FDX breaks above 141, then I will get long deltas here. A good trade is long Jan 140 calls for around 3.80.

Initial target is 145 with a stop at 137.34

[Steven Place]

Going to close out of this trade– there’s only a week and a half left before expiration, and the stock put in a failed breakout. We never got stopped out on price, but will be stopped out on time.

Sell to close Jan 140 call at 1.83

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