No delivery on an Earnings trade in Federal Express

I was bidding on a trade today for Earnings in $FDX tomorrow and ultimately did not get a fill:

Short the December 141/136 Strangle for $4.05 (at the time was at a 4.01/4.07 bid/ask)

I was disappointed on the lack of a fill but more so to the fact of not taking advantage of the elevated premium (the whole point to the trade) by adjusting the bid quicker. When I looked at adjusting the price, the bid/ask had shrunk to 3.30/3.36 spread (closed at $3.33).

Ugh.

So what now? Well, I have 2 choices:

  • whine about not getting the trade filled
  • plan on doing a trade in pre-market after the reaction

2 thoughts on “No delivery on an Earnings trade in Federal Express

  1. The Strangle mentioned in this post is trading at $1.12 (.74/.38) as of noon CST on 12/18. Ugh.

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