Buy FDX via selling Nov 105 puts
I sell puts on Boeing and Federal Express. Some time back FDX had a nice break out at the 105 level and that is the strike price for the short puts. Boeing has been a strong stock, except when one of their planes has an incident.
The stock market closes near the lows, so these positions start in the red. However, they are more of the low risk, low reward, high probability put sales that I have been doing for some time now. None of my October positions looks to be in serious danger of assignment (when the stock moves below my put strike price).
Long AMGN APC BA BRKB FDX GDX IWM KORS LGF NKE XRT
Net long GLD SPY