FedEx Corporation
Long

Fedex

48
The monthly is looking like it may go failed 2, and the weekly is setting up for a 3-2-2 reversal back to the top. This has a high probability since the 2-down retraced 50% of the last three bars. In a perfect scenario, 229 calls expiring this Friday would work, but to give the move more time to develop, I recommend going two weeks out with an 8/15/25 expiration.

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