DELTA AIRLINESDELTA GOING DOWN WITH SIGNIFICANT VOLUME???
I think that Delta Airlines is going down potentially past the 52.00 price level. Prices could of course have strong reversal near the V, are you prepared to ''BUY THE DIP'' One way to play this is to take half your profits off the trade as prices are approaching the 54.00 price level. If however you believe prices to go through the V, I think you need to be paying attention to the volume on this. As prices often penetrate the V with strong volume , your next target if this did occur would be near the 48.00 price level . It's up to you how you play this. I would be very cautious as prices approach the 54.00 level . It's totally up to you how you play this, with put options in this sort of scenario favours are in your favour regardless(2/3). It's just about maximising profits.
