Markets
Options Traders Are Hedging After FedEx’s Historic Move

Options Traders Are Hedging After FedEx’s Historic Move

Big things are happening at FedEx, and one options trader is hedging against a small pullback. A block of 1,280 June 235 puts were purchased yesterday in the delivery company for $3.99. A matching number of June 225 puts were sold at the same time for $1.25, resulting...