Current total cost of owning 100 shares is 12.18 = S1218 (the math in the video is wrong)
Plan is to sell Nov 24 call strike price 12 limit order at 0.20
This will reduce our total cost to own to about S1198.
The plan is to continue selling cover call to reduce total cost.
Execution Plan:
Letting my put oct 13 strike price 12.50 assign and will looking to sell all of my shares for profit around $12.50 level. Then I will either have limit order to buy put around $12 strike price or limit order to buy shares and sell for profit again when earnings spike the stock upside.
American Airline currently trading at a steep discount because fear of lower future profitability in the stock. Airline stocks are known for their volatility because almost everything in the economy can affect the stock. The good news is for options trader, high volatility usually mean a high premium we can collect for selling this options.
Sentiment: Bearish...
3.14.23 I decided to post American Airlines because I think it could open and have A two-bar reversal for a long trade. This will be the first of two or three videos because I'd like to show similar reversal patterns in oil potentially,the ES which is already had a reversal pattern, and I will show that to you as well. I am going to make these videos Shorter...
3. 11. 23 This is American Airlines part 2 because I messed up on A range box that was very important because of its context to volatility. So this is a very short video to make that correction and then summarize it to make my point . The expansion of volatility on this Market was not linear... it was much Greater each day for 3 days.... it's a very important...
3. 11. 23 This video explains how American Airlines dramatically changed with regard to its expansion and volatility as I see it. The video speaks for itself. There is one error that I made with the range box that I added to compare the range on the first post to days earlier.... that range box that I added is not accurate because it doesn't really represent...
3.9.23 I missed a very important point on the first video. It's the reason why I did this video which is short. It's more effective to listen to the video than me spend 15 minutes trying to describe the video.
3.9.23 I was asked about American Airlines Because one of my followers was scalping American airlines and wanted to see a review. At the end of the video I wanted to show pictures of some medicine that I take these are supplements. Many people take these supplements in various forms and they do not require a prescription. I recommended that my students family...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely...
1. Hartalega
2. Mclean
3. KGB
4. American Airlines
5. Jaks
Trade Setup:
1. No Supply Signal as support
2. 20/40ma as confirmation for trend
3. Green Pentagon for momentum
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
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Here is the top-down analysis for AAL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
IV rank is at 7.4, with these kind ranks I like to pick direction because volatility is not against me.
Brought a Put at 24 and sold a Put at 22, with a expiration of 51 day.
How I would mange this trade is once it hits 50% profit I will be at or roll at 21 days.
If it goes against me I will roll up my sold puts.
AAL shares are being accumulated by large institutions and they are doing it quietly before it breaks out. Very smart play seeing that vaccines are coming into play and sometime in the near future the government will be able to get it under control. Once this happens, then you will see travel pick up dramatically and Airline stocks take off as retail traders...
Hello everyone, here is the top-down analysis for AAL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
