This being said we are suggesting you sell the FEDX 140 put, that’s 10% down from the current prices. The stock has been hit and is down 40% since it’s high. I don’t know about you, but FEDX is my shipper of choice. As an AMZN prime member I’m buying more online, so FEDX is delivering more gross weight. If the weights go down then you’ll see a reason to not be in the stock.
As always consult your advisor before investing of any kind. Options are not suitable for all investors and people can and do lose money. Investing requires risk and optionsdojo makes no warranties or guarantees from our suggestions.