**REQUEST** $AAL $INO $DKNG $SRNE *QUICK TA*Thanks @smallcapper on Stocktwits for reaching out! Here ya go!
AAL
AAL Still Choppy NASDAQ:AAL has been moving between 11.30 and 14.13 since earlier this Summer. Election time is truly the moment of truth. With a second stimulus bill in the works the main question that remains is when? Higher lows on the CMF shows that initiative for buyers is clearly there, comparatively to other dips it has formed a similar pattern. The earning beat is positive for AAL however furloughs have been hard on the workers and the company is clearly struggling. There is reason to believe that airlines will recover nicely with stimilus as we have seen recovery across the board with House elections more clear. Once stimulus hits there will likely be another big buyback likely followed by a dump. The area I would look to hold AAL until is around 19.38, I have enough reason to believe that area will be liquid for the stock and create a pullback. A strong push above this line (likely a result of an innovation of product or vaccine development) could lead to the line serving as a moderate support until we have more information. AAL is a strong buy above 12.05. These lines were drawn on historical price action, however it is important to note since the initial COVID-19 low and swing high the Fib levels have matched up nicely with these levels
𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: $DJT Weekly. False Breakout?Got the new highs, but a false breakout? If so, should revisit $10K or lower soon
$TRAN $IYT $FDX $AAL $UAL $DAL $LUV $EXPE $SPY $SPX $ES_F $VIX $DIA $DJI $YM_F #Stocks #Transports 🛫
AAL on watchAAL has provided a couple loading zones during this pandemic. Recently price target cut, rating to strong sell and poor performance might let it reach lower lows (at loading trucks). Consider watching this strong support area for a short bounce swing play. Only enter if reversal is confirmed. Thank you.
AMERICAN AIRLINES video top-down AnalysisHello everyone, here is the top-down analysis for AAL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
AAL - American Airlines StockNASDAQ:AAL
Based on technical analysis just hold for now, prices moving inside a channel and they are in the middle of the channel.
SPAQ loading area $11-13This is going to $20-30 most likely after ticker change, load up around this area for the big reward. I'm personally loading Feburary 21' calls! Henrik Fisker mentioned merger could be mid-October, hopefully its true!
Iron Condor on AALIron condor on a sideways trending AAL
The
S P12 20NOV20
B P10 20NOV20
S C14 20NOV20
B C16 20NOV20
CREDIT: .95
Max Risk: 1.05
THE WEEK AHEAD: AAL, TSLA, SNAP, NFLX EARNINGS; XOP, GDXJ, SLVEARNINGS:
Got a bunch of potentially worthwhile, earnings announcement volatility contraction plays on tap this coming week. Here there are, ordered by "bang for your buck":
AAL (29/99/19.7%), announcing Thursday before market open: Due to its size, I would probably go short straddle or iron fly, with the November 20th 12 short straddle paying 2.46 (19.7% as a function of stock price), and the November 20th 8/12/12/16 four-wide iron fly, paying 2.00 even.
TSLA (29/79/19.1%), announcing on Wednesday after market close. Pictured here is a 10-wide iron condor, with the short option legs set up at the 20 delta. Markets are showing wide in the after hours, but would adjust strikes as necessary to get at least one-third the width of your wings in credit (i.e., 3.33 for a 10 wide, 1.67 for a five, etc.).
SNAP (35/97/17.2%), announcing Tuesday after market close. The November 20th 19 delta 24/35 short strangle was paying 1.35 at the mid price, with the defined risk 22/25/33/36 iron condor paying 1.11.
NFLX (43/62/14.3%), announcing on Tuesday after market close. The November 20th 455/465/635/645 was paying 3.91 at the mid price as of Friday close. As with the TSLA defined risk play, look to adjust strikes as necessary to get at least one-third the width of your wings in credit.
EXCHANGE-TRADED FUNDS, RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING GREATER THAN 10%:
XOP (14/55/13.1%)
GDXJ (18/49/12.6%)
SLV (39/50/11.2%)
XLE (26/45/10.2%)
EWZ (15/42/10.0%)
BROAD MARKET:
QQQ (33/35/8.0%)
IWM (29/33/7.2%)
SPY (23/27/5.8%)
EFA (18/22/4.6%)
IRA DIVIDEND EARNERS, RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING GREATER THAN 10%:
SLV (39/40/11.2%)*
XLE (26/45/10.2%)
KRE (24/43/10.1%)
EWZ (15/42/10.1%)
MUSINGS:
16 days left until the general election. Out of an abundance of caution, I'm not adding anything here, but may do some "window dressing" rolls of my IWM and QQQ shorts puts I have on in the November 20th expiry just to lock in realized profit, and I'll do an educational post as to what that would entail. Handsitting, thumb twiddling while the markets do their thing is the hardest part ... .
* -- Neither SLV nor GLD pay a dividend.
Airlines Ticket to ride, pick your pricepointIt is ovious that this sector is heating up. Loads of bodies of their books, delincuent uncolectable debt. costly SLA fines waved, and cancelled plane orders with no penalties, on top of it loads of stimulous coming their way. The institutional buyers are shameleslly creating this pattern and its about to break. Lets take AAL as an example" Could it consolidate before it jump? Yes, but the top of the corridor is around the 15 dollar area so the run up its likely. I would enter this trades with tight stops, no point on giving away money, and a core position with a wider stop. The corridor goes from 11ish to 15iah, once it breaks its gonna be very very bullish. The hole point of this post is to direct your attention to the sector and evaluate trading oportunities we all profit from.
Important:
Amplitude for day trading : THis stock is more of a Swing trading stock but if you want to daytrade it, you need at least 100 shares as you have an amplitude or intraday tradable variance of 40 cents to a dolar. Anything below that would be hard to enter and exit...Size it for the amplitude.
Just a thought....
Good luck.
AMZN3250 IS A BIG LEVEL. IF AMZN CAN BREAK OVER IT CAN RUN TO 3320, 3344.
TRADE IDEA: 3325C 10/9. BID/ASK: 1.38/2.75
AAL Wedge NASDAQ:AAL and other airline stocks may see a boost this week with talks of relief for the companies. My target for AAL is 15.60 for the day leading up to earnings. I believe that stimulus could quickly take shares up and shift the downward momentum that airlines have faced over the past three months. Furthermore the wedge that is forming is supported with a few bullish catalysts, MACD cross, 50 SMA approaching the 100 SMA for an upward cross, and a strong increase in volume on a move to a higher high.
AAL - American Airlines Sell SetupAAL is forming an inverse head and shoulders pattern around support in green.
The head and shoulders is still an idea so we are waiting for the right shoulder to form and then buy on the neckline (in gray) break upward.
we also have a trendline in red and divergence adding more confluence to our setup.
our trigger would be after a momentum candle close above the neckline.
Or waiting for a red dot (swing high) to form around the upper red trendline to consider it valid and buy on its break upward.
and the stop loss would go just below the right shoulders.
we always target double our stop loss.
Good Luck!
American Airlines - Hold For nowAmerican Airlines, United Airlines, Delta, Southwest — Shares of the major U.S. airlines fell on Friday as President Trump’s Covid-19 diagnosis injected uncertainty into the market. Shares of United Airlines fell more than 2.5%. Shares of American Airlines and Delta Airlines lost 2.3% and 2.1%, respectively. Southwest Airlines dropped 1.6%, while Alaska Air Group slid 2.6%.
Hold for now.
SAVE ANALYSIS and simple way to read Charts for beginnersI see SAVE going back to 25 by Jan 2021 but if you're an option trader i suggest getting ITM calls for 2021 even 2022 if you want to add to long term portfolio. Shares is also good to add to your stock portfolio. Remember to keep in mind if airlines were to shutdown and vaccine trials see no further progress that would be a sign to get out, but recent news looks good for airlines in general and this is an easy money printer here! hopefully momentum can carry us back to the ATH within the next 2-5 years at 85$. Imagine getting a 16$ call exp 1/2022 now and SAVE is back up at $50 ....
AAL Long TermWith airline traffic picking up after 3 months of quarantine, Airlines are starting to work up to its ATH. AAL was at $30.16 before the pandemic hit in early march. In 2018 ATH was around $59.00. Airlines have been getting loans from the Government. AAL has secured 5.5 billion in loans and is looking to secure more by the end of September. In my opinion LUV, DAL, and SAVE are better airlines to invest in or JETS (airline ETF, all airlines), keeping in mind AAL could possibly file for bankruptcy. Shares for your long term portfolio or ITM Calls for 2021 or 2022 could be good for AAL or either of these stocks I mentioned.
credit: Danny Devan
AAL making higher lows finding support on gannfan AAL American Airline found a strong support on 8/1 gannfan line where it got a huge wick rejection and was building up strong momentum since then. This is a deep pullback and now aslong as it will break 200 and 50 sma and retest those, AAL will continue up to at least 15.23$ level and then after breaking that to 1.618 fib levels 17.8$ target and even further to 2.618 which is the 21.81$ target especially considering the short volume of 30%. The momentum also made high lows with a very small pullback on that momentum indicator so it is all about breaking that triangle formation now at around 13.38$ levels which lines up with the 200 50 sma
