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JETS trade ideas

JETS ETF bearish inclined naked calls - 13 Nov expiryOnce again I'm re-entering a JETS options trade given the low volatility . The industry is still weak and I don't think we will see much upwards movement in the next month especially with the US elections heating up and the focus still on CN, Tech and Healthcare. For this trade, I sold calls close to a key price resistance point. I did not cover this options trade as I realised my covered options did not protect when volatility increased and the strike got closer. For now I am leveraging S/R lines to determine strike price selection. I wonder if a potential hedge is a OTM VXX options position at a cheap low price point (When VXX is down, it means the market is up) Sold 80 Calls @ 0.30, Strike 21 BP block: 15k Max gain - est $2400
AMEX:JETS
by Ronin_trader
JETS ETF bearish inclined naked calls - 16 Oct expiryOnce again I'm re-entering a JETS options trade given the low volatility. The industry still weak and I don't think we will see much upwards movement in the next month. 1 Sep when a majority of stock spiked upwards. JETS had minimal movement. As such I sold calls at the high of a key price resistance point. The current RSI is at a high band of 66. I did not cover this options trade as I realised my covered options did not protect when volatility increased and the strike got closer. I'm coming up with ways that I can better hedge against volatility but for now, I am relying on basic TA and historical low price movements Sold 80 Calls @ 0.25, Strike 22 BP block: 15k Max gain - est $1958.05
AMEX:JETS
by Ronin_trader
2
JETS ETF - Protected Bearish Inclination 18 Sep expiry There seems to be a resurgence of COVID-19 cases across the globe. Before Sep 18 I doubt there would be positive news for the travel industry, especially in the US. As price broke the support line, technically theres a chance it will continue dropping. Positive news on the stimulus won't help travel and I do not expect an influx of investors into the travel industry as it is one of the weakest sectors and money would probably flow first into something more solid like tech or at least the S&P 500. This is a protected trade. If price goes bearish, I have a chance to hit my max gain of est. $3222 but I must close the contract before it drops too much my way otherwise I will start losing. If prices don't go my way (goes bulls up) or ranges I will collect est. $1250 Would prefer this to be a 4 weeks contract, but 18 Sep (8 Weeks) had a better price for my trade structure Sold 80 Puts @ 0.26, Strike 12 Bought 10 Puts @ 0.73 Strike 14 BP block: 10k Max gain - est $3222 Planned Minimum gain - est $1250
AMEX:JETSShort
by Ronin_trader
JETS ETF Call Options With Bears ProtectionJETS invests in both U.S. and non-U.S. companies involved with the airline industry, including passenger airlines, aircraft manufacturers, airports and terminal services companies. Due to COVID-19 it's one of the weakest sectors and from my observations it seems to fall first and raise last vs the S&P 500. As countries are slowly opening and getting a grip on the virus or at least are forced to push forward to avoid further economic impact, JETS ETF could potentially move up. I am around 70% inclined to this, especially since price seems to have breakthrough a range of 15.79 - 11.28 To protect myself from bearish moves. I loaded up on call contracts at a higher strike. This means that no matter how low price goes I will always get +$875. However my profits are capped at strike 20.99 with my risk being price moving upwards beyond strike 21.45. The plan of course would be to close the trade before. Sell Calls 31 July - Strike 21, 0.3, Qty 45 Buy Calls 31 July - Strike 18, 0.95, Qty 5
AMEX:JETSLong
by Ronin_trader
JETS ETF - Robinhood Rally At Risk.JETS ETF has gapped down and fallen below its upward trendline. Price action is seeking a higher-low level to establish support. Once the support level has been established, price could then reverse to seek out a lower-high level and establish resistance. Resistance 3 area: 21.28 to 22.04 Resistance 2 area: 19.14 to 20.15 Resistance 1 area: 17.11 to 18.13 Support 1 area: 15.95 to 15.01 Support 2 area: 14.11 to 13.02 Support 3 area: 12.04 to 11.05
AMEX:JETS
by NoFomoCharts
$JETS Be cautious of weak hands From the chart you can see the huge spike in volume within the ETF which can be attributed to retail traders getting attracted by the appeal of large daily gains. The Robinhood app in particular has a large number of members trading within this ETF. Any market weakness could see a quick draw-down and lead to considerable downside. A good option to hedge against long positions in airlines. $15.00 - $15.65 has a confluence of support levels PLEASE GIVE US A LIKE IF YOU FIND OUT CONTENT HELPFUL, THANK YOU.
AMEX:JETSShort
by Bullishcharts
3
$JETS:NYSE - US GLOBAL JETS ETFJETS might be one of those buy and forget about it for a few months type trades. I have bought several of the individual airline stocks as well as CCL (Carnival Cruises), but JETS is a relatively easy way to get access to the airlines stocks. I can imagine that domestic travel will start to open up shortly, and no doubt the baby boomer generation will be looking to their beloved cruise lines again for travel. Worth a watch. JETS invests in both U.S. and non-U.S. companies involved with the airline industry, including passenger airlines, aircraft manufacturers, airports and terminal services companies. JETS invests in companies within the airline industry, which spans passenger airlines, manufacturers, airports and terminal services. Small-, mid- and large-cap companies are included from both the US and internationally. The fund puts about 70% of its weight in US large-cap passenger airlines (at quarterly rebalance) with a tiered weighting scheme driven mostly by market cap as well as passenger load. It populates the rest of the portfolio with companies in supporting industries from the inside and outside the US, chosen by fundamental factors such as gross margins, sales growth and sales yield.
AMEX:JETSLong
by zAngus