FDX Follow Up

If You Still Own Puts – Take Profits Now!

By Bryan Bottarelli
Thursday, December 21, 2006 1:41 PM EST
Thu, 21 Dec 2006 18:41:00 GMT

Dear Bottarelli Research Member,

This is just a quick follow-up alert to our FedEx (FDX – NYSE) trade from yesterday. I have received a handful of notes from Charter Members saying that they are still holding the FDX January 115 Puts (FDX MC). If this is you, then you’ll love the looks of the FDX chart today — take a look:

FDX

As you can see, FDX continues to get clobbered, which has pushed your puts all the way up to a high of $6.90 in today’s trading. If you are still holding the FDX January 115 Puts (FDX MC), take your profits and sell at market now!

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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