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Income Madness Trade Alert: FDX, ZM

Our FedEx (FDX) and Zoom Video Communications (ZM) spreads are currently on track to expire worthless tomorrow. While we would typically sit back and watch them do so, the market has been anything but calm this past week.

Let’s play it safe by booking profits now.

FDX Jan Monthly (1/21) 245/240 Put Spread

Current Stock Price: $254.23

Cash in Hand: $0.34

Action:

  • Buy to close the FDX Jan Monthly (1/21) 245 Put for around $0.14
  • Sell to close the FDX Jan Monthly (1/21) 240 Put for around $0.06
  • Set initial debit limit at $0.08, but adjust as needed to close today

Profit: $0.26, or $26 per spread

ZM Jan Monthly (1/21) 145/135 Put Spread

Current Stock Price: $160

Cash in Hand: $0.40

Action:

  • Buy to close the ZM Jan Monthly (1/21) 145 Put for around $0.15
  • Sell to close the ZM Jan Monthly (1/21) 135 Put for around $0.03
  • Set initial debit limit at $0.12, but adjust as needed to close today

Profit: $0.28, or $28 per spread

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