$FDX Breakout Imminent - Bullish Options Activity
FedEx nearing a breakout. Monitor for a close above ~$293.50.
Bullish unusual options activity:
1.2M of 12/4 OTM calls traded yesterday
Strikes ranging from $290-$305
Also ShopRunner acquisition news today might be the catalyst needed to break through the $300 level.
Target: $340-$350 range possible by early January
*Keep in mind there's an earnings release scheduled for mid-December*
Note: This is NOT investment advice.
Bullish unusual options activity:
1.2M of 12/4 OTM calls traded yesterday
Strikes ranging from $290-$305
Also ShopRunner acquisition news today might be the catalyst needed to break through the $300 level.
Target: $340-$350 range possible by early January
*Keep in mind there's an earnings release scheduled for mid-December*
Note: This is NOT investment advice.
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