For my option traders. I don't see MUCH direction for those who trade shares or options directionally. I think AAL could make it's was $2 higher in the next 1-2 weeks maybe. I'm banking on it staying below $44.
I will not even worry about this spread unless AAL closes above the 100 an 200 on the daily. Spread is also above the weekly 100 SMA.
If you own shares of AAL, one could consider the $44 #coveredcall for decent premium. To learn more about credit spreads feel free to check out this series of videos. www.youtube.com/watch?v=FwGxqvcC...
I will not even worry about this spread unless AAL closes above the 100 an 200 on the daily. Spread is also above the weekly 100 SMA.
If you own shares of AAL, one could consider the $44 #coveredcall for decent premium. To learn more about credit spreads feel free to check out this series of videos. www.youtube.com/watch?v=FwGxqvcC...
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