FedEx (FDX) volatility flat into strong Q3 profit on holiday shipping

FedEx (NYSE: FDX) is recently down $1.92 to $93.90 in the premarket on the company seeing FY12 adjusted EPS $6.35-$6.60, consensus $6.36. Jefferies has a Hold rating on the company. Overall option implied volatility of 28 is near its 26-week average of 30 according to Track Data.

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