Get started

DAL

DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy
DAL Long - Bull Flag ConsolidationThe idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy
Trader thinks DAL can trade through its 52 Week HighDelta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Today a trader bought over 2,000 5.9.2014 37 Calls for $.74. This gives the buyer of the Calls, the right but not obligation to buy 200,000 shares of stock at $37 between now and next week and they paid a Cash Outlay of $150,000. With recent sell-offs in UAL and AAL, I thought that this was a goos risk vs reward trader, so I bought these Calls as well. Lets breakdown my trader. The Trade: I bought the DAL 5.9.2014 37 Calls for $.74 debit Risk: $74 per 1 lot Reward: Unlimited Targets: $.85, $1.00, $1.20 and $1.40 Greeks of this Trade: Delta: Long Gamma: Long Theta: Short Vega: Long
NYSE:DALLong
by KeeneOnMarket