FedEx Corporation (NYSE-FDX) lowered Q4 EPS guidance to $1.45-$1.50 versus consensus of $1.69:
FDX was recently trading at $87.59 in after market trading, below a close of $90.37. FDX call option volume of 2,872 contracts compared to put volume of 8,038 contracts. FDX May 90 straddle went out at $3.30. FDX June option implied volatility of 34 was above its 26-week avearge of 31 according to Track Data, suggesting larger risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
5-09-2008 @ 11:18PM
Johnnie Maurice said...
What about the lawsuits that are hurting FedEx. FedEx has exhibited a Defiant attitude. In a group meeting a manager said,"FedEx has a team of lawyers, sue us, we will win!" A FedEx"s manager denied me time off to attend my Father's Funeral. He also denied a Hispanic employee time off to attend his StepFather's Funeral. A fellow employee informed me that this manager gave a white employee time off to pay court fines for writing bad checks. This is the most INHUMANE TREATMENT an employee can experience at his workplace.