AAWW is a cash making machine. They've come up with some good long-term contracts in Fall/Winter of 2021.
It doesn't look like shipping woes are going to be resolved before the end of 2022, there is still a lot of room to run on this.
Promising entry at the bottom of the channel. If it holds I'll enter a position.
Float is low as part of a de-spac merger lockup being postponed. Something like 370k shares are outstanding. The Jan 21 strikes show an open interest of 1.7m shares. This is a market-makers nightmare. This is in play for up to two more weeks, keeping an eye on the order-book and watching volume spike identifying covering to determine an immediat exit. Expect...
Oil has been beaten down by Covid, fundamentally SU is worth way more than the current prices. Now turning towards a reversal on low volume signifies that there are fewer sellers than buyers right now. Could be potential for a gap up in the next few weeks.
