Bullish $DAL Trade Idea, 9/20 Expiration3-OPTION ORDER, NYSE:DAL TRADE IDEA
Sell DAL $42.5 Call 9/20
Buy DAL $41 Call 9/20
-{share price: $40.14}-
Sell DAL $40 Put 9/20
~$90 credit to open trade
This is bullish trade that involves selling a put to finance a call debit spread.
@ expiration scenarios:
-Share price $42.50 or greater: $240 profit
-Share price between $40 and $41: $90 profit
-Share price $40 or lower: Assigned to buy 100 shares of NYSE:DAL and own them at an avg cost of $39.10 per share.