FedEx (FDX) shares have been "compressing sideways" ahead of its earnings, says Rick Ducat. He points to previous levels of upside resistance around $240 and $245 for the shipping and packaging company. Shares of FDX are down more than 20% Y/Y. Later, Tom White illustrates an example options trade that "needs a move." He explains why a double calendar strategy captures any move within 1 standard deviation of current stock prices.