FDX Trade on Sep 22, 2021 14:43 from Marius: Tradervue User Stock Trades.

Markets opened with a gap down on news of Chinese real estate property debt solvency company Evergrande concerns. In addition there was a FED rate policy meeting + press conference in the middle of the week. There was also concerns of the US debt ceiling being raised. Infrastructure bills have been a continued market focus. Volatility spiked but ended the week with buyers back in the market as concerns were fully priced in and direction re-established. Corporate events were light to start the week but picked up with the market.

Fundamentals In Play Analysis

FedEx missed on EPS by 0.55 which was the largest in 5 years. Revenues was in-line but FY EPS guidance was lowered. They attributed the miss due to the higher labor cost and shortages. Demand remains high. Operating margin fell to 6.8% from 8.5%. It expects to have substantially higher operating capacity in to the next quarter peak season with investments in infrastructure.

Quantitative Analysis

Intraday Fundamentals

RVOL 7.67
AVOL 2.31M
ATR 6.09
Beta 1.24
VIX 20.87
Volatility 1.95% 1.65%
Short Float 1.39%
Shs Float 246.03M
Inst Own 75.30%
Market Cap 61.37B

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 4.189
IV 29.43%
IVP 18%
P/C 0.668
VWAP 231.446

Options Positioning

OI 1115 1907
VOL 1152 1346
Delta .02 .01
Theta -.08 -.04
Vega .01 .00
Gamma .01 .00
Prob T 4.45% 1.99%
Prob ITM 2.21% 0.84%
MMM +/- 5.467
IV Series 34.03%

Earnings Statistics

Technical Analysis

Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review

(A) setup / (A/B) execution. 1/2RP, conservative position, 20% allocation. This is a trade where I could have positioned closer to the market. The only thing holding that back was that there was no further downside follow through I was seeing on the price action. After reviewing the fundamentals in play this would support the thesis of more probable selling. Will keep this in mind on future trades and distinguish the price action and fundamentals correlation. It is worth noting that it had extended a notable ATR amount already. It is also possible that my attention may have been more focused on other trades for the busier day of this week.