DAL Delta Air Lines Options Ahead of EarningsAfter the last price target was reached:
Now looking at the DAL Delta Air Lines options chain ahead of earnings , I would buy the HKEX:35 strike price Calls with
2024-1-19 expiration date for about
$4.50 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
DAL
AAL LONG American AirlinesAAL is shown here on a one hour chart with anchored VWAP bands shown.
The anchoring is set for the beginning of the year. Based on the price action
drawn in are support and resistance zones. When price is one or more standard
deviations below the mean VWAP, the stock is undervalued and institutional buyers will
set buy orders. ( Short sellers will close there position to provide shares to
the buyers and take their profit off the table
(When the price is one or more standard deviations above the mean
VWAP, the stock is overvalued. Institutional sellers will sell their shares ( either
shares at a profit or short sell )
At present price, action has retreated to the upper part of the support zone.
AAL is getting to a buying point.
The relative volume indicator shows huge increases in volume compared with the
rolling average volume of the past 50 days. Essentially current volume is 10X
that average meaning there is extreme interest in this stock and great liquidity.
Fundamentally, AAL has had two prior quarters of earnings reports and the upcoming
earnings could be fueling volatility and potential price surge.
I see this as reversal setup for great entry for a 45-60 DTE call option at or in the money or a
long swing trade targetting just below the resistance zone or one standard deviation
above the VWAP.
DALA good opportunity to long position and get a good profit from the attractive American stock market
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Widow Makers Airline Stocks Beat the Market by the New YearSince the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF:
● U.S. Global Jets ETF (JETS): +18.56%
● United Airlines (UAL): +37.53%. Zacks EPS estimation: 2.07. Earning release: 1/17/23.
● American Airlines (AAL): +33.62%. Zacks EPS estimation: 0.60. Earning release: 1/26/23.
● JetBlue Airways (JBLU): +26.40%. Zacks EPS estimation: 0.17. Earning release: 1/26/23.
● Alaska Air (ALK): +18.16%. Zacks EPS Est. 0.88. Earning release: 1/26/23.
● Delta Air Lines (DAL): +16.31%. Reported EPS: 1.48 vs 1.29 estimated.
● Southwest Airlines (LUV): +13.15%. Zacks EPS estimation: 0.25. Earning release: 1/17/23.
● Spirit Airlines (SAVE): +6.83%. Zacks EPS estimation: 0.04. Earning release: 2/6/23.
● Boeing (BA): +10.01%. Zacks EPS estimation: 0.29. Earning release: 1/25/23.
● S&P 500: +4.60%
DAL Delta Air Lines Options Ahead of EarningsIf you haven`t bought DAL at my last call:
then you should know that looking at the DAL Delta Air Lines options chain ahead of earnings, I would buy the $35 strike price in the money Calls with
2023-1-20 expiration date for about
$1.79 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$DAL leading the airline industry along with $BA$DAL seems like its up for a good start on 2023. airline industry is booming after covid restriction is easing, china opening up, and the southwest disaster. DAL is leading the way with their new upgrade of free Wifi on their in-flight offerings starting on February. this news might help DAL to boost their marketing strategy to lure other loyal customer from other airlines. but in my opinion, this free wifi upgrade will be very challenging to provide in the sky, with over 150+ people using it in the same time. the CEO didn't say specific details about how fast the wifi is, is there a time limit, and vulnerability of potential hacking. but regardless of these possible complication that might occur. the free wifi is still a good news for its customer. the southwest disaster boost other airlines with their loyal customer scrambles to re-book their flight to get their destination.
DAL typical price move is $1.00 to $1.40
Below is my price level entry and exit for intraday trading or scalp play.
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For calls; buy above $36.35 and sell at 37.05 or above
For puts, buy below $35.57 and sell at $35.11 or below
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Bot generated technical analysis:
Last price: 36.02
1st resistance level: 36.35
2nd resistance level: 36.69
1st support level: 35.39
2nd support level: 34.77
Honorable mentions: $BA technicals looks strong with
travel industry starts to boom so as BOEING
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DAL 1D MCAS System Malfunction Pull UP...Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.
Delta posts $735 million profitDelta predicted that third-quarter revenue will be 1% to 5% higher than in the same quarter of 2019, even though it expects passenger-carrying capacity to be no more than 85% of 2019 levels — a sign that Delta expects higher fares to remain in place.
Delta Air Lines Price Target Is Above 50 per share.
DELTA AIR LINES -BUY OPPORTUNITYDelta Airlines Inc is still in a downtrend that started more than two years ago.
The breakout of the support level was not successful, and the price is now heading to the resistance level, giving us a good buy opportunity into the price channel, with a good risk-reward ratio.
The next target is located at $ 40 which is located at the 0.5 Fibo crossed with the major resistance
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DAL options ahead of earnings If you haven`t bought the previews bull run:
then ahead of earnings I would buy the following Delta Air Lines, Inc. (DAL) calls:
2022-7-15 expiration date
$29.44 entry price approximatively
$31.5 strike price
$0.37 premium/share
Looking forward to read your opinion about it.
Jet Fuel Takes OffWhen will jet fuel stop making all time highs? I think this speaks volumes about the continued pace of inflation combined with a post-2020 "get me outta here and fly me somewhere" mentality, in addition to other factors. So now people want to fly after not flying for a few years. Why do we have to pay mafia level prices now? I guess now it's time for the propaganda machine to shift the narrative to blaming people for their sudden surge flying habits, which still considerably falls short of pre-2020 levels. Rather than looking at the true source of price inflation: Yes, I mean the mafia overlords themselves at the Federal Reserve, their higher order of archdemon overlords will shift blame to something else. If our eating habits were to become an increasing result of centralized policy, for example, we'd all be forced to eat hot dogs and drink orange juice right about now - the only items in the CPI where it seems inflation is somewhat accurately portrayed.
I can imagine the posters already:
PLEASE refrain from your disgusting urges of flying, LOYAL citizens!
Take this delicious and nutritious diet of HOT DOGS and ORANGE JUICE instead.
Do Uncle Sam PROUD, FIGHT inflation TODAY!
Do your part for OUR NATION!
Oh my...
Seriously though, you gotta give some respect to orange juice , SO FAR:
Good luck and don't forget to hedge your bets! ;)
Stock Analysis: DALBig Picture
Price action has been climbing off the lower low of March 7th; currently in sideways consolidation with a series of large bullish engulfing candles.
Price action has run into our 42.71 resistance area. Price needs to break above the Feb 14th high to make a higher high.
As we breakdown the price action layers we see that the price ran into our supply area after a series of two gaps. I would be expecting some retracement back towards the 41.50 - 41.00 based on the psychology of the candles.
38.68 would be the ideal downside target and that would also close some of the recent gaps; however leaving one open around the 33 area.
Could be setting up for some short positions. Despite the economy opening up and the mass assumption that 'demand' will be of major significance it throws caution to the wind that 'some' may decide to utilize other means of transportation; especially with the continuous rounds of flight delays and cancellations due to staffing shortages, hours of waiting on the phone to speak to someone, inflation continuing to climb, and incomes being tested with everything around them slowly eating into their buying power. This may also cause some families to put off vacations in general to a later time or reduce the duration of travels, etc.
There could be some shorting opportunities on both intraday and swing day outlooks within the ranges above; feel free to annotate your charts
Distance between Price and Moving Averages:
SMA20
11.02%
SMA50
9.91%
SMA200
6.18%