FDX has been in a broad sideways channel since the beginning
DE's trend stagnated and the market pulled it back a bit. It didn't hit our target of $113, but the trade structure of the diagonal gave us a small profit anyhow.
The last few days had been an improvement in this trade, but today's pullback reversed that. We have only a few days left and the risk of a larger loss is significant if AMZN doesn't
SPG invests in and manages Malls and other properties. These businesses have ever increasing challenges as buying habits move away from big box stores.
This has SPG in a solid downtrend and even in these low IV conditions, it has a moderate amount of IV. This gives us the rare opportunity to do a solid Bear Call Spread.
I believe that DE will continue in a bullish trend, but due to broad market risks, we have a chance that a market drop could quickly pull it down. If DE drops, its IV should jump from its current low position. The situation is a good opportunity to use a calendar based trade.
AMAT passed above the $37 strike. This situation has us at a solid profit but if AMAT maintains its trend we will be losing money. Taking our profits makes sense at this point.