AAL Another opportunity of a life time
Here we are again at the end of the year, Q4 presented by another variant + Fed tapering
alot of people who missed the May 2020 sell off always wondered if a opportunity will happen again, But here we are American Airlines presenting another discount for a long hull future.
Prior to the sell off we hit our 2 targets on options before shorting AAL back with $21.50 Shorts. We saw multiple reattempts at claiming the $22 level but failed resulting in sell off's, The mixture of the new covid tapering and failed attempt at a new level we saw a massive 30% correction AAL
AAL broke the .50 fib from the may 2020 covid low.
It appears we may head for the weekly structure, failure to hold the level will result in the monthly structure retest.
Significant options will be held at every single level from the people who's been holding long term options since 2020.
This show's the more bearish side of AAL
alot of people who missed the May 2020 sell off always wondered if a opportunity will happen again, But here we are American Airlines presenting another discount for a long hull future.
Prior to the sell off we hit our 2 targets on options before shorting AAL back with $21.50 Shorts. We saw multiple reattempts at claiming the $22 level but failed resulting in sell off's, The mixture of the new covid tapering and failed attempt at a new level we saw a massive 30% correction AAL
AAL broke the .50 fib from the may 2020 covid low.
It appears we may head for the weekly structure, failure to hold the level will result in the monthly structure retest.
Significant options will be held at every single level from the people who's been holding long term options since 2020.
This show's the more bearish side of AAL
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.