AAL - Call Credit SpreadAfter AAL made a double bottom, it rallied to make a higher high and touched the 200 MA. Should've gotten into the rally. Missed it completely.
Anyways, AAL tried twice to breach 200 MA and failed twice.
Now it looks to be heading down to at least 27 or even further.
I'm already in a 31/32 Call Credit Spread @ $0.37 since Oct 30 which is now up 32% i.e. $0.25.
I'm going to take profit when AAL falls touches 27 or 50% of max profit is achieved on the spread i.e. spread is worth $0.18.
Airlines
easyJet - Ready to take off again?Buy EasyJet (EZJ.L)
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
Market Cap: £4.77Billion
Having completed a large inverse head and shoulders bottom in the middle of September the shares have been on a great run. The recent spike to highs of 1330p was met with some profit-taking. The correction lower has been quite shallow, and the price now appears to have broken higher from a pennant pattern. This is considered a continuation pattern and therefore the expectation is for further upside in the short to medium term.
Stop: 1171p
Target 1: 1383p
Target 2: 1505p
Target 3: 1600p
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IAG - About to flyBuy IAG (IAG.L)
International Consolidated Airlines Group, S.A. is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations. The Company operates various aircraft fleet services, including Airbus A318, Airbus A319, Airbus A340-600, Boeing 787-800, Embraer E190 and Boeing 777-200, among others. The Company, through its subsidiaries, is engaged in providing airline marketing, airline operations, insurance, aircraft maintenance, storage and custody services, air freight operations and cargo transport services.
Market Cap: £9.25Billion
International Consolidated Airlines share price has been hit hard over recent months. Following the sharp move lower we are now beginning to see the shares consolidate and potentially forming a bottom pattern. A break above the resistance at 4878p would confirm the bottom pattern and offer upside potential towards 560p. In extension of that, there is an unfilled gap at 643p, which may act as a magnet for the price over the medium term. The risk/reward is favourable from here.
Stop: 432p
Target 1: 560p
Target 2: 605p
Target 3: 640p
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AAL Channel Bounce Good Morning All,
I trade Long Call Stock Options.
I think AAL is primed for a bounce upwards.
It has reached a 5 year low point at 24.40 and the lower end of the channel at the same time.
These will act as support to prop up the shares.
Prediction that it will swiftly move up to ~31.
This is where it will be met with Resistance, if this resistance breaks , I think the Whales will Step in and Bull this upwards.
Conservative play would be to wait for the 10 day SMA (Yellow) to Move upwards and Cross the 20 SMA (Blue). This would indicate an Upward Trend
Full Disclosure: I wont be buying in until the SMA Cross, I am not a professional trader and this is not advice.
All trading involves risk and decisions should be made independently.
Is Southwest Airlines a Hidden Gem?This is my first TradingView video, hope you guys enjoy! Be sure to leave a like, follow, and comment!
Southwest Airlines is a potential gem in this market as trade wars with China escalate. As Boeing ramps up production of their Max jets, Southwest also ramps up their flights as they are a primary user of the Boeing Max jets. Southwest did beat their earnings, however fell a little short on revenue, but if this is any indication towards Q3 earnings, I would feel bullish as these Boeing jets become more available. Southwest is also increasing their Hawaiian travel routes so this is great fundamental news for the airline!
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$SAVE down 22% after earnings, long entry $43-46+Very short term trade, time 1-2 weeks. Closed my $50 Puts at $44, had a great earnings play betting to the downside. I'm going to use those profits to take a bit of a gamble and attempt to play the reversal.
Objective:
We're near multiple areas of support at $43, $42, $41, and the 1.168 Fib extension. I'm going long calls that have an August 16th expiration $45 strike. If this gets to $41 I'll buy the $42.5 strikes. 22% is overextended to the downside, and this company isn't going out of business anytime soon. I'm confident one of those will make a profit. Targeting $46-47.
Subjective:
I actually recently was looking at plane tickets (unrelated to this play) and Spirit Airlines has a new membership subscription program where you get perks with a $50 a year membership. Anything subscription based has been profitable across industries, airlines have all been screwing customers across the board (things that used to be free, you have to pay for/more now, because "F you what are you going to do about it"), and this company really loves to cut corners after dealing with their ticket buying system.
Airlines price targets - non-MAX operators BULL** Credit Suisse says non-MAX operators such as Delta Air Lines, Spirit Airlines, JetBlue Airways and Alaska Air Group to benefit most from reduced supply levels in the form of higher load factors and fares
** LUV and AAL combined have the highest exposure to MAX fleet in U.S.
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Price targets / analysts:
CS downgrades American Airlines Group Inc to "underperform" form "neutral", cuts PT to $30 from $32, citing extended grounding's of MAX jets and ongoing mechanics labor dispute
Cuts PT for Southwest Airlines Co to $51 from $53, while also lowering 2019 EPS estimate to $4.07 from $4.45 due to the airline's inability to capitalize on market demand
Upgrades JBLU to "neutral" from "underperform", raises PT to $19 from $16 due to strong seasonal leisure demand and continued execution of cost and revenue initiatives
Raises PT for United Airlines Holdings Inc to $113 from $111 despite its smaller MAX exposure compared to LUV and AAL
JETS ETF near resistanceThe JETS airline ETF has been soaring lately on upward guidance revisions from Jet Blue, Alaska Airlines, and Delta Airlines. It is above its MACD signal line on both its daily and weekly charts.H
owever, the ETF is approaching historical resistance at 31.50, and rising crude prices mean that the airlines may take a hit from fuel costs and may not achieve their revised guidance targets on earnings reports. Overall, this sector is strong but carries some risk of a reversal in the near term.
Global Financial Engineering Swing Trading Strategy for AFGlobal Financial Engineering Swing Trading Strategy for Air France(AF) as at July 2, 2019
The Primary Trend (PT) given by the Monthly TIME BAR ( MTB ) is currently Bearish
The Secondary Trend ( ST ), given by the Weekly TIME BAR ( WTB ) is currently Bearish
The Medium Term Trend ( MTT ), given by the Daily TIME BAR (DTB) is currently Bullish
The Short Term Trend ( STT ), given by the Four Hour TIME BAR (FHTB) is currently Bullish
In light of the above trend analysis and other factors we will start a bullish trade using Global Trading Strategy #3 on the Global Automated Trading System #3 which trade in the direction of the Global Daily TIME BARS (GDTB) which is currently Bullish. We will also adjust our normal position size and increase the Global Stop Loss Allowance to two(3) times the Daily Average True Range(DATR)
Global Entry Signal: Buy @$8.46
Global Stop Loss: $7.60
Global Target Profit: $17.00
Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Position Trading Strategy #3
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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
ICAGY short-term short play -- currently near channel topICAGY is a great value stock, and I've been watching for a turnaround for a long time. It's got excellent analyst ratings, a good dividend, and a great P/E.
Unfortunately, it's been in a downward trend for months and is likely to continue downward until a significant catalyst such as a beat on the August 2 earnings report.
It got a bump a couple days ago when it announced a big order of new Boeing jets, but this only pushed it to the top of its channel. With a lower high and bearish divergence on the MACD, I expect a turn downward toward channel bottom on Monday. The alternative is upward channel breakout, which is unlikely but would be nice.
Sidenote: ICAGY always does really well in November, leading up to its dividend payout, then drops hard on the ex-dividend date. That'll be a good month to go long on this stock, if not before.
AAL: American Airlines might have bottomedNASDAQ:AAL might have bottomed. And if it falls further, it means trouble for the airline and everyone as well. The chart looks good by the way. Indicators are turning up and if you are looking to hold for long term, catching the falling knives at these levels might be a good bet. I am targeting $40 if the falling wedge breaks upwards. Otherwise a fall below $27 invalidates this outlook.
American Air (AAL) Sell $33.67 > $30.62 (Profit:Risk = 2:1)NASDAQ:AAL
American Airlines Group, Inc.
Information:
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the main savings for the subsequent fall down.
Today we expect reports.
About stop loss:
Stop loss for the top $35.27. Can be reduced, but given the day of the report. I reduce volume of the position stop loss a little more is obtained.
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Sell Limit = $33.67
Take Profit = $30.62
Stop Loss = $35.27
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Profit:Risk = 2 : 1
Profit:Risk = +9.06% : -4.75%
Alaska Air Group, Inc. - Looks Juicy to take a Long Position.Looking over the one week chart we can see that a bottom might be in and indicators suggest that we're in for an uptrend. Furthermore, we seem to have a prime catalyst with earnings coming up - any stroke of good news and guidance could send this thing higher. Expect a peak if other airlines do well in the coming weeks also.
RSI: Shows oversold on the weekly
Momentum: Showing that its currently trending to the upside.
MACD: Shows that we might be looking at a cross in the coming weeks making for positive upside in the future.
Will keep this updated.