FDX — Cash-Secured Put & Wheel Strategy Analysis

Q: Is FDX a good wheel strategy stock right now?

FDX is trading at $314.96 with an ATR of $7.68. FDX is trading above 3/4 key moving averages. Next earnings report is June 23, 2026 (-31 days away). Wheel traders should consider closing or rolling CSP positions before earnings to avoid IV crush and gap risk.

Q: Should I close my FDX CSP before earnings?

Most wheel strategy traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk: even if your strike isn't breached, the IV drop alone can wipe out most of the premium you collected.

FDX wheel strategy & cash-secured put scanner. FDX is currently trading at $314.96 and trading above 3/4 key moving averages. This page shows the live FDX options chain across 3 expirations (2026-07-24 through 2026-08-07, DTE 1–15 days), optimized for cash-secured put and wheel strategy candidates. Next earnings: June 23, 2026 (-31 days away). ⚠️ Earnings proximity — consider closing/rolling CSPs before announcement to avoid IV crush.

Highlight criteria: Yield% ≥ 50% | Buffer% ≥ 15% | ATR/Dist ≥ 2.5

2026-07-24

DTE 1 | Trading days: 1

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
250.00	64.88	63.30	8.46	20.6%	9472.5%	64.88
255.00	60.12	58.80	7.81	19.0%	8605.4%	60.12
260.00	54.90	53.35	7.15	17.4%	7707.1%	54.90
265.00	50.32	48.90	6.5	15.9%	6930.9%	50.32
270.00	43.28	41.65	5.85	14.3%	5850.8%	43.28
275.00	38.33	36.65	5.2	12.7%	5087.4%	38.33
277.50	37.38	35.80	4.88	11.9%	4916.6%	37.38
280.00	35.33	33.90	4.55	11.1%	4605.5%	35.33
282.50	32.58	30.50	4.23	10.3%	4209.5%	32.58
285.00	29.62	27.80	3.9	9.5%	3793.4%	29.62
287.50	27.58	26.20	3.57	8.7%	3501.5%	27.58
290.00	24.88	23.30	3.25	7.9%	3131.4%	24.88
292.50	22.60	21.25	2.92	7.1%	2820.2%	22.60
295.00	19.62	17.80	2.6	6.3%	2427.6%	19.62
297.50	17.38	15.80	2.27	5.5%	2132.3%	17.38
300.00	14.70	13.80	1.95	4.7%	1788.5%	14.70
302.50	12.08	10.15	1.62	4.0%	1457.6%	12.08
305.00	9.35	7.75	1.3	3.2%	1118.9%	9.35
307.50	7.18	5.35	0.97	2.4%	852.3%	7.18
310.00	4.62	3.55	0.65	1.6%	544.0%	4.62
312.50	1.72	0.10	0.32	0.8%	200.9%	1.72
315.00	0.50	0.01	-0.01	-0.0%	57.9%	0.50
315.00	0.60	0.01	-0.01	-0.0%	69.5%	0.60
317.50	3.25	1.65	-0.33	-0.8%	373.6%	3.25
320.00	5.25	3.70	-0.66	-1.6%	598.8%	5.25
322.50	7.72	6.00	-0.98	-2.4%	873.7%	7.72
325.00	10.82	9.25	-1.31	-3.2%	1215.2%	10.82
327.50	12.48	11.00	-1.63	-4.0%	1390.9%	12.48
330.00	15.38	13.55	-1.96	-4.8%	1701.1%	15.38
335.00	20.30	18.55	-2.61	-6.4%	2211.8%	20.30
340.00	25.25	23.55	-3.26	-8.0%	2710.7%	25.25
342.50	27.88	26.05	-3.59	-8.7%	2971.2%	27.88
345.00	30.12	28.55	-3.91	-9.5%	3186.6%	30.12
350.00	35.25	33.55	-4.56	-11.1%	3676.1%	35.25
355.00	40.28	38.55	-5.21	-12.7%	4141.5%	40.28
360.00	47.40	46.00	-5.86	-14.3%	4805.8%	47.40
370.00	54.70	53.20	-7.17	-17.5%	5396.1%	54.70
380.00	64.70	63.20	-8.47	-20.7%	6214.6%	64.70
390.00	76.35	74.00	-9.77	-23.8%	7145.6%	76.35

2026-07-31

DTE 8 | Trading days: 6

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
265.00	50.20	48.65	6.5	15.9%	864.3%	50.20
270.00	46.30	44.20	5.85	14.3%	782.4%	46.30
275.00	40.05	38.30	5.2	12.7%	664.5%	40.05
280.00	35.22	33.60	4.55	11.1%	573.9%	35.22
285.00	31.12	29.50	3.9	9.5%	498.2%	31.12
290.00	25.50	23.85	3.25	7.9%	401.2%	25.50
295.00	20.65	18.85	2.6	6.3%	319.4%	20.65
297.50	18.27	16.55	2.27	5.5%	280.2%	18.27
300.00	16.12	14.30	1.95	4.7%	245.2%	16.12
302.50	13.95	12.25	1.62	4.0%	210.4%	13.95
305.00	11.77	10.60	1.3	3.2%	176.1%	11.77
307.50	10.20	8.60	0.97	2.4%	151.3%	10.20
310.00	8.93	7.80	0.65	1.6%	131.4%	8.93
312.50	7.42	6.35	0.32	0.8%	108.3%	7.42
315.00	6.05	5.00	-0.01	-0.0%	87.6%	6.05
317.50	4.28	3.45	-0.33	-0.8%	61.5%	4.28
320.00	3.93	2.56	-0.66	-1.6%	56.0%	3.93
322.50	2.92	1.88	-0.98	-2.4%	41.3%	2.92
325.00	2.38	1.55	-1.31	-3.2%	33.4%	2.38
327.50	1.76	0.67	-1.63	-4.0%	24.5%	1.76
330.00	1.52	0.54	-1.96	-4.8%	21.0%	1.52
332.50	2.11	0.42	-2.28	-5.6%	29.0%	2.11
335.00	0.77	0.24	-2.61	-6.4%	10.5%	0.77
337.50	1.40	0.01	-2.93	-7.2%	18.9%	1.40
340.00	0.38	0.01	-3.26	-8.0%	5.1%	0.38
342.50	0.42	0.04	-3.59	-8.7%	5.6%	0.42
350.00	0.76	0.10	-4.56	-11.1%	9.9%	0.76
275.00	1.71	0.02	5.2	12.7%	28.4%	1.71
285.00	0.70	0.06	3.9	9.5%	11.2%	0.70
290.00	0.84	0.02	3.25	7.9%	13.2%	0.84
292.50	1.43	0.16	2.92	7.1%	22.3%	1.43
295.00	0.62	0.08	2.6	6.3%	9.6%	0.62
297.50	1.12	0.54	2.27	5.5%	17.2%	1.12
300.00	1.42	0.91	1.95	4.7%	21.6%	1.42
302.50	1.60	0.96	1.62	4.0%	24.1%	1.60
305.00	2.29	1.58	1.3	3.2%	34.3%	2.29
307.50	2.86	2.17	0.97	2.4%	42.4%	2.86
310.00	3.42	2.85	0.65	1.6%	50.3%	3.42
312.50	4.32	3.55	0.32	0.8%	63.1%	4.32
315.00	5.38	4.50	-0.01	-0.0%	77.9%	5.38
317.50	6.75	5.85	-0.33	-0.8%	97.0%	6.75
320.00	8.32	7.50	-0.66	-1.6%	118.6%	8.32
325.00	12.05	10.50	-1.31	-3.2%	169.2%	12.05
327.50	14.15	12.50	-1.63	-4.0%	197.1%	14.15
330.00	16.18	15.10	-1.96	-4.8%	223.7%	16.18
335.00	20.82	19.00	-2.61	-6.4%	283.6%	20.82
340.00	25.05	23.50	-3.26	-8.0%	336.1%	25.05
347.50	32.92	31.10	-4.24	-10.3%	432.2%	32.92
355.00	40.38	38.55	-5.21	-12.7%	519.0%	40.38
360.00	45.38	43.55	-5.86	-14.3%	575.1%	45.38
375.00	59.62	58.05	-7.82	-19.1%	725.4%	59.62
385.00	69.62	68.05	-9.12	-22.2%	825.0%	69.62
390.00	74.65	73.05	-9.77	-23.8%	873.3%	74.65
395.00	80.38	78.55	-10.42	-25.4%	928.4%	80.38
400.00	87.22	85.65	-11.07	-27.0%	994.9%	87.22

2026-08-07

DTE 15 | Trading days: 11

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
245.00	70.55	68.55	9.11	22.2%	700.7%	70.55
260.00	55.25	53.50	7.15	17.4%	517.1%	55.25
275.00	40.52	38.80	5.2	12.7%	358.5%	40.52
285.00	30.92	29.20	3.9	9.5%	264.0%	30.92
290.00	26.50	25.35	3.25	7.9%	222.4%	26.50
295.00	22.10	20.10	2.6	6.3%	182.3%	22.10
300.00	17.95	16.70	1.95	4.7%	145.6%	17.95
305.00	14.32	13.15	1.3	3.2%	114.2%	14.32
310.00	11.02	9.70	0.65	1.6%	86.5%	11.02
315.00	8.28	7.75	-0.01	-0.0%	64.0%	8.28
317.50	6.98	6.50	-0.33	-0.8%	53.5%	6.98
320.00	6.08	5.40	-0.66	-1.6%	46.2%	6.08
322.50	4.18	2.96	-0.98	-2.4%	31.5%	4.18
325.00	3.98	3.45	-1.31	-3.2%	29.8%	3.98
330.00	2.84	2.24	-1.96	-4.8%	20.9%	2.84
332.50	2.32	1.39	-2.28	-5.6%	17.0%	2.32
335.00	1.54	0.88	-2.61	-6.4%	11.2%	1.54
340.00	1.03	0.76	-3.26	-8.0%	7.4%	1.03
345.00	1.05	0.16	-3.91	-9.5%	7.4%	1.05
350.00	2.08	0.50	-4.56	-11.1%	14.5%	2.08
360.00	1.80	0.05	-5.86	-14.3%	12.2%	1.80
280.00	0.50	0.01	4.55	11.1%	4.3%	0.50
285.00	0.80	0.60	3.9	9.5%	6.8%	0.80
290.00	1.25	0.73	3.25	7.9%	10.5%	1.25
292.50	2.28	0.92	2.92	7.1%	19.0%	2.28
295.00	1.62	1.05	2.6	6.3%	13.4%	1.62
297.50	2.22	1.51	2.27	5.5%	18.2%	2.22
300.00	2.41	1.61	1.95	4.7%	19.5%	2.41
302.50	3.25	2.45	1.62	4.0%	26.1%	3.25
305.00	3.46	2.43	1.3	3.2%	27.6%	3.46
307.50	4.88	4.40	0.97	2.4%	38.6%	4.88
310.00	6.57	5.35	0.65	1.6%	51.6%	6.57
315.00	7.90	7.25	-0.01	-0.0%	61.0%	7.90
317.50	8.85	7.85	-0.33	-0.8%	67.8%	8.85
320.00	10.45	9.70	-0.66	-1.6%	79.5%	10.45
322.50	12.48	11.25	-0.98	-2.4%	94.2%	12.48
325.00	13.20	11.95	-1.31	-3.2%	98.8%	13.20
332.50	19.60	17.70	-2.28	-5.6%	143.4%	19.60
335.00	22.10	20.40	-2.61	-6.4%	160.5%	22.10
337.50	23.95	22.00	-2.93	-7.2%	172.7%	23.95
340.00	26.05	24.30	-3.26	-8.0%	186.4%	26.05
345.00	30.80	28.95	-3.91	-9.5%	217.2%	30.80
355.00	40.28	38.25	-5.21	-12.7%	276.1%	40.28
360.00	45.28	43.55	-5.86	-14.3%	306.1%	45.28

FDX — Cash-Secured Put & Wheel Strategy FAQ

What is the best FDX cash-secured put strike today?

OptionSpeed's scanner highlights FDX strikes that meet our three filters: annualized yield ≥ 50%, downside buffer ≥ 15%, and ATR/Distance ratio ≥ 2.5. Stars on this page mark strikes currently in our Super Stocks cache. As of this snapshot, the highest-yielding CSP candidate on FDX is the $290.00 strike at 401.2% annualized.

Is FDX a good wheel strategy stock right now?

FDX is trading at $314.96 with an ATR of $7.68. FDX is trading above 3/4 key moving averages. Next earnings report is June 23, 2026 (-31 days away). Wheel traders should consider closing or rolling CSP positions before earnings to avoid IV crush.

How much capital do I need to sell a FDX cash-secured put?

Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $290.00 strike on FDX, you need $29,000 in cash per contract. Strikes closer to the current $314.96 price require more capital but offer higher premiums and lower assignment probability.

What does the wheel strategy look like on FDX?

The wheel on FDX follows three steps: (1) sell a CSP at a strike you'd be comfortable owning FDX at; (2) if assigned, you own 100 shares at the strike price; (3) sell covered calls against those shares to collect premium while waiting for the call to expire worthless or the stock to be called away. OptionSpeed tracks every step so you can see your rolling premium and realized P&L.

Should I close my FDX CSP before earnings?

Most wheel traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk — even if your strike isn't breached, the IV drop alone can wipe out most of your collected premium.

What's a good buffer percentage for FDX puts?

Buffer percentage measures how far the strike is below the current stock price. For FDX at $314.96, a strike at $290.00 gives the largest downside buffer in our current chain. OptionSpeed flags strikes with ≥15% buffer as wheel-quality candidates. Lower buffer = higher premium but higher assignment probability.