$DAL Delta Airlines. Bumpy ride, but trend since May is in tactFor those with a longer term view. Long.
DAL trade ideas
Delta Bearish outlook after disappointing Earnings$DAL is currently trading on the lower boundary of the projected PEAD cone with the latter predicting a bearish outlook for the coming period.
DELTA AIR LINES INC. LONG📈 NYSE:DAL LONG H4
🛒BUY above = 33.30
🎯Target1 = 34.80
🎯Target2 = 35.70
🛑Stop loss or cancel trade = 30.90
🙈Recommended risk = (2%-3%)
$DAL Delta Airlines Pre Earnings Analysis
Potential Long entry on the back of earnings tomorrow if
commentary is any way encouraging.
Major resistance sits at $34.67-
-Fibonacci .382 level
-200 Moving Average
-Sloping Downtrend
Alert set for $35.00 .
This could be a massive week for the airlines and BA
DAL Swing AnalysisBroke through Fib 0.618 and Running through 5th Elliot Wave to catch $34 or $36.51
Delta TurbulenceRecovery will be turbulent as Trump batted down the stimulus. Hurricane Delta is also coming in from the coast. Delta planes cannot fly in Delta Hurricane especially when Trump snipped the wings. Planes will be grounded until late November indefinitely. Apologies for the delay.
Our Stock of the day / DALToday, we have a short setup to share. Here we will give you a full explanation of what we expect
a) First we want to see the Weekly chart: We can see a major resistance level
b) Working from that level, we can go to the 1H chart. Here we can see a range with an inner zone ( Minor support zone / the expected target for the bearish movement)
c) Inside the Range, we can see a broken ascending trendline + corrective structure making a pullback on that broken structure
d) The corrective structure is composed of an ABC pattern. From a technical perspective, the structure is finished and is ready to trade
e) We have set our Entry orders below B and our Stop above C. Our Break Even level is defined with a horizontal yellow line. Finally, our Take profit is the Minor support zone
f) The risk Reward Ratio of this setup is 1.54
g) We will use 1% of our capital as maximum risk on this setup
h) We will cancel the setup if the price keeps rising and we lose our Risk Reward Ratio above 1.5
i) REMEMBER: Trade safe, protect your capital, and always understand what you are doing.
THE WEEK AHEAD: DAL, CCL EARNINGS; GDXJ/GDX, SLV, KREEARNINGS:
CCL (28/88/25.9%) and DAL (18/77/22.1%)* announce earnings on Thursday.
The DAL November 20th 21 delta, 2 x expected move 26/41 short strangle is paying 2.41 or 7.6% as a function of stock price (1.20 at 50% max; 3.8% as a function of stock price). I've pictured a short put here as the simplest play to get in on a sector that has been hammered by the pandemic, assuming you don't mind potentially being assigned at that price to work a longer-term play (i.e., covered calls).
CCL is small enough to play via short straddle, with the November 20th 15 short straddle paying 3.92 or 25.9% as a function of stock price (.98 at 25% max; 6.5% as a function of stock price). Alternatively, the > 2 x expected move 10/20 short strangle is paying .93 (.46 at 50% max; 3.0% as a function of stock price).
EXCHANGE-TRADED FUNDS WITH >35% 30-DAY IMPLIED RANKED BY PERCENTAGE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
TQQQ (41/103/30.2%)
XOP (19/60/17.3%)
USO (10/55/146%)
GDXJ (20/50/15.1%)
SLV (39/48/13.5%)
EWZ (21/46/14.1%)
XLE (30/44/131%)
XBI (36/45/13.0%)
GDX (19/42/12.7%)
SMH (27/47/11.2%)
QQQ (35/35/10.5%)
BROAD MARKET:
QQQ (35/35/10.5%)
IWM (32/34/9.8%)
EFA (25/22/9.0%)
SPY (21/26/8.0%)
IRA DIVIDEND EARNERS/PREMIUM SELLING:
KRE (28/47/13.6%) (Current Yield: 3.83%)
SLV (39/48/13.5%) (No Yield; Precious Metals Position)
EWZ (21/46/14.1%) (Current Yield: 3.80%)
XLE (30/44/13.1%) (Current Yield: 7.52%)
XBI (36/45/13.0%) (Current Yield: .35%; Premium Selling Play)
SMH (27/47/11.2%) (Current Yield: 0.00%; Premium Selling Play)
QQQ (35/35/10.5%) (0.60% Yield; Premium Selling Play)
MUSINGS:
With the general elections now 29 days away, I'm not doing much here in terms of adding new positions. With the margin account in particular, I'm looking at going completely flat at or near October opex and then watching the show from the sidelines.
On the IRA/retirement account front, I'm already in most of the underlyings at the top of the implied volatility ladder, so don't anticipate doing much here anyway. I will naturally look at delta on a portfolio-wide basis to see whether I need additional delta one way or the other to make myself less directional running into the elections. We could, after all, conceivably see one of a variety of things depending on how things play out (i.e., relief rally, sell-off, "sideways nothing burger").
With Friday's sell-off, however, I'm tempted to add a smidge more of QQQ in the November cycle for my weekly 16 delta, 45 days 'til expiry broad market short put (the November 20th 16 delta 237 short put was paying 3.73 at the mid as of Friday close; 1.60% ROC as a function of notional risk).
* -- The first metric is where 30-day implied volatility is relative to where it's been over the past 52 weeks; the second, 30-day implied volatility; and the third, the percentage the November at-the-money short straddle is paying as a function of stock price.
Dal closed shortBroke resistance outside candle. Might just be a fake out but not getting trapped take a small loss.
DELTA AIR LINES INC. SHORT📉 NYSE:DAL SHORT H4
🛒SELL BELOW = 27.85
🎯Target1 = 25.85
🎯Target2 = 24.65
🎯Target3 = 22.65
🛑Stop loss or cancel trade = 31.10
🙈Recommended risk = (2%-3%)
#DAL #DALSHORT #SELLDAL
$DAL - Potential long entry in 2 conditions1. Stay above the red line (this week above 28$)
2. Breaking above 30.22
Not for any advise
Just an Idea.
Landing for stimulus refuelFolks, buckle your seat belts as we are about to land shortly for a stimulus refuel. Please do not exit the plane as we will be taking off for our next segment to Recovery, USA shortly... whenever. Our next flight estimate time is 2-5 years, so sit back and relax and keep your mask on until we've reached our destination. Unless you're drinking to numb the pain... then you may take your mask off.
DAL Double TopLooking like delta has topped out, and is dead cat bouncing.
All things equal expecting this to revisit or get close to the May lows.
This would get invalidated if the government passes any sort of stimulus package for airlines.
Dal short target 20Big gap in 19s will close short at 20. Back test failed confirmed break should drop fast
DAL Ascending Triangle FormationIm not a huge fan of the travel sector right now as anything can be thrown off due to covid news. The charts on DAL though looks promising for a possible bullish run if it breaks resistance.
DELTA - its doesn't look greatThanks for viewing and sorry all those Aviation types who are hurting.
Just a short one,
Demand is deeply impacted, and there are yet to be any signs of a pick-up as yet.
Stocks don't often lose 69% in 60 days and then just turn around and head for new all-time highs. Especially, when two studies came out last week showing how the virus - that shall not be named - can easily spread on-board aircraft.
After a solid rejection at the 200EMA I am watching the $17.55 level as support, but I don't expect it to hold. After that, ~$14 at the 1.618 extension on what I believe may be the start of wave 5 down..
This is based 99% on TA and 1% the general environment presently. I don't want it to happen, that is just where I see the price going. I am not short Delta, but I also won't be a buyer at lower prices.
