Brian Stutland's FedEx Corporation (FDX) Trade

On CNBC's Options Action
, Brian Stutland suggested to the viewers of the show an options strategy in FedEx Corporation (NYSE:
FDX
). He thinks that investors should use options to make a bullish bet on the stock that is already trading near its 52-week high. He would buy the April 100 calls for $2.25, and sell the April 85 put for $2.35. This trade would allow you to collect a premium of $0.10, and you would also be able to participate on the upside if FedEx (
FDX
) continues to move higher. Brian Stutland believes that Warren Buffett methodology of investing will be a great way to invest in 2011. He sees a lot of potential in the big cap stocks. FedEx (
FDX
) fell 0.82% on Thursday, and closed at $93.10.
Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.