Today I would like to focus our attention on one of the world's biggest shipping companies, FedEx ( FDX). I have been tracking this stock for a long time, but have not yet been able to find the right time to buy deep-in-the-money call options with a small enough premium that fits my targets. But now I have. With operations throughout the world, FedEx benefits from the weakness of the dollar; each dollar of revenue earned abroad reflects more favorably on its balance sheet. Other highlights of this company's position: It has a forward P/E of 13.50, revenue of $35.8 billion, cash on hand is over $1.1 billion and debt-to-equity is right at zero. Although the company recently lowered its forward outlook, the negativity has been built into the stock price, so I am going to buy 10 of the April $90.00 (FDXDR) DITM calls for $18.50, or better. This stock is an excellent example of the power of DITM calls: If we get filled, this would mean that we would be in control of 1,000 shares of a solid stock all the way out until April 18, 2008. (The stock closed Friday at $106.06.) Think about that leverage. That is the beauty of my strategy; it is simply a way to buy, or control, stocks for approximately 20% of FedEx's common stock price. Let the public pay full price, not us! At the end of the day, this is simply a "stock replacement plan."