This chart doesnt look fantastic... the option chain doesnt look so hot either.
I think going to individual names within the sector such as FDX UPS is a better option. I think shorting FDX since it is a lagging name under the 50dma while UPS is above 50dma is a better short idea.
Im watching for continued weakness to get a 25dte put spread with $5 width.
Most likely the 207.5 and 202.5 spread trading around 2.00
Here is the FDX targets. Measured move and fib extentsions line up around the 195 area for a longer short swing.
It looks like you're new here. If you want to get involved, click one of these buttons!
The most Intuitive, Well Organized and Good Looking forum on the Web. It has never been so fast and easy to start giving premium support.