Bullish collar-type trade in Expeditors International today, as a customer bought 8000 May 35 calls for 43.5 cents against a sale of 4000 May 20 puts for 87cents. Net premium is flat, and trade pays off well if EXPD lifts toward the 35 strike in coming months. In mid Jan, with shares about $3 higher than current $25.77 levels, a customer sold May 20 puts against a long May 30-35 callspd, and this trade appears to build on that position.