$FDX Breakout Imminent - Bullish Options Activity

FedEx nearing a breakout. Monitor for a close above ~$293.50.

Bullish unusual options activity:
$1.2M of 12/4 OTM calls traded yesterday
Strikes ranging from $290-$305

Also ShopRunner acquisition news today might be the catalyst needed to break through the $300 level.

Target: $340-$350 range possible by early January

*Keep in mind there's an earnings release scheduled for mid-December*





Note: This is NOT investment advice.