#SPXcampaign Going for a 1:4 r/r bullish #IronButterfly on $FDX
Sold to Open FDX March 24th 190/195/200 iron butterflys for 4.10. Max risk .90. Max profit near 4.00 if Friday pins near 195 on Friday. Call volume at 195 is ten times higher than surrounding strikes.
Over past 12 earnings, the 3-day results: Biggest UP move: 13.5%, Biggest DOWN move: -8.2%, Average move: 4.5%.