Put Options on FDX on 1/8/2024

FedEx Corporation (FDX) provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments.

The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

The FedEx Ground segment provides small-package ground delivery services.

The FedEx Freight segment offers less-than-truckload freight transportation services.

The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services.

In addition, the company offers supply chain management solutions; and air and ocean cargo transportation, specialty transportation, customs brokerage, and trade management tools and data. The company was founded in 1971 and is headquartered in Memphis, Tennessee.

We will be trading January 19th Put options.

Last Trade: $246.81

Trading Range: $183.59 - $285.53

Trade Buy 1 January $245.00 Put at $2.32 For a net debit of $2.32 Profit/Loss Analysis Breakeven at $242.68 Maximum profit is unbounded Maximum loss is ($232.00) at strike of $245.00 Closing Summary Sold 1 January $245.00 Put at $0.80

Position closed on 1/19/2024 at price of $0.80 with a -65.52% loss in 11 days.

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