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DAL

THE WEEK AHEAD: LYFT, UAL, MGM, DAL, CNX, SLV, GDXJEARNINGS: LYFT (20/82/19.8%) announces earnings on Wednesday after the close, so look to put on a play in the waning hours of Wednesday's New York session if you want to play the volatility contraction. Pictured here is a directionally neutral 29/38 short strangle camped out at the 20 delta in the September monthly. Paying 1.26 as of Friday close, it has 27.74/39.26 break evens, which are wide of 2 times the expected move on the call side, but somewhat short of 2 times on the put side due to skew; delta/theta .25/3.58. You'll have to go somewhat tighter (the 25 delta) to get one-third the width out of an iron condor, with the 27/30/37/40 iron condor paying .97; 29.03/37.97 break evens, which are at the expected move on both sides; delta/theta 2/1.31. I've stuck on an UBER line just to show how LYFT's competitor did with its earnings in the coronavirus environment ... . CSCO (28/36/8.4%) also announces, but has less than ideal metrics for a volatility contraction play. EARNINGS AFTERGLOW: There are a number of underlyings with earnings in the rear view that still have sufficient implied to potentially make them worthwhile just as pure premium selling plays. Here are a number of them, ranked by the percentage that the September at-the-money short straddle is paying relative to stock price and screened for those paying greater than 15%: UAL: 20.8% MGM: 17.7% DAL: 17.7% CNX: 17.6% WYNN: 16.9% PINS: 16.1% ROKU: 16.0% BYND: 15.8% SNAP: 15.7% BA: 15.3% SQ: 15.2% AMD: 15.1% LUV: 15.1% I may pick one or more of these if I have nothing better to do, keeping in mind correlations here (i.e., UAL, DAL, and LUV are all airlines; BA is airline-related). EXCHANGE-TRADED FUNDS, RANKED BY SEPTEMBER AT-THE-MONEY SHORT STRADDLE PRICE/STOCK PRICE RATIO AND SCREENED FOR >35% 30-DAY IMPLIED: SLV (70/81/19.9%) GDXJ (24/62/15.6%) GDX (24/43/12.8%) XOP (11/48/12.7%) EWZ (18/43/11.2%) Here, I've screened out those paying <10%. I'm in an August GDXJ play, but may re-up with a SLV, even though there is going to be some correlation with miners. The September 18th 20 delta 22/36 short strangle was paying 1.45 as of Friday close, with the 25 delta 20/23/33.5/36 iron condor paying .99. There is some massive call side skew to potentially accommodate here, so could see going "double double" (double the contracts on the put side, but double the width on the call). Two Examples: September 18th 2 x 18/2 x 20.5/33/38 "double double" iron condor, paying .98 or September 18th 2 x 15.5/2 x 25.5/33.5/44 "double double", paying 1.30, the latter of which approaches the metrics of the naked short strangle. BROAD MARKET EXCHANGE-TRADED FUNDS: Most of the fun has bled out ... : IWM (25/30/7.3%) QQQ (25/28/7.2%) EFA (17/21/4.8%) SPY (15/22/5.1%)
NYSE:UBER
by NaughtyPines
3
Delta Airline - Technical Analysis - DALTechnical Analysis: Based on technical analysis, the idea is to hold. Prices are moving in a sideway trend and there are not a lot of signal for a short or long term investment. Fundamental Analysis United, American, Delta, Southwest — Airline stocks rallied on Wednesday as positive vaccine news gave investors confidence about a return in air travel demand. American Airlines jumped 7.7% and United Airlines rose more than 6%. Southwest and Delta gained 5% and 4%, respectively. Alaska Air Group gained 5.2%.
NYSE:DAL
by Mauriello
1
AAL DAL and the Airline Destiny Airlines earning are all due in July: DAL 14 July BMO est. $-4.06 / $2.17B UAL 21 July AMC est $-9.41 / $1.14B AAL 23 July BMO est. $-7.03 / $1.43B LUV 23 July BMO est. $-2.67 / $0.54B All eyes will be on DAL tomorrow to sense where this mess is going. As for AAL, it closed above the downward sloping trendline but this could be easily a bull trap. I will not get excited yet. I believe DAL earnings will have a big impact on the industry. Trendline may act as support and hence may create a better odds for long positions. With FIB resistances intact, I need to see decisive solid breaks to get in. Volume Volume Volume. This analysis represents my own view and it isn't a recommendation. Readers should do their own studies before taking on any position. Data in this analysis aren't guaranteed for accuracy. Wise trading everyone.
NASDAQ:AAL
by Ekuities
THE WEEK AHEAD: DAL, WFC, NFLX EARNINGS; XOP, GDXJ, EWZEARNINGS: A bunch of earnings next week, particularly in the financials sector: C (40/58/14.1%): Tuesday before market open. DAL (50/95/23.0%): Tuesday before market open. JPM (38/49/12.1%): Tuesday before market open. WFC (58/63/15.4%): Tuesday before market open. GS (31/48/11.7%): Wednesday before market open. EBAY (71/56/13.4%): Wednesday before market open. IBM (47/43/10.0%): Wednesday before market open. BAC (36/52/13.1%): Thursday before market open. JNJ (29/28/7.2%): Thursday before market open. MS (35/51/12.3%): Thursday before market open. NFLX (50/60/14.5%): Thursday before market open. From the standpoint of what the August at-the-money short straddle is paying, you appear to get the most bang for your buck out of DAL (23.0%), followed by WFC (15.4%) and NFLX (14.5%). Because so many financials are announcing, I did consider a short premium play in the sector exchange-traded fund, XLF (29/41/10.4%), but the August at-the-money short straddle is paying just a smidge over 10% of the stock price relative to WFC (15.4%), C (14.1%), BAC (13.1%), JPM (12.1%), and GS (11.7%), so it's potentially more worthwhile to go single name for the volatility contraction here and to look to WFC to get the most buck banging. Unfortunately, strike granularity for WFC out in August remains pesky, with 2.5 wides where I'd want to set up my tent. For what it's worth, the 22.5/30 paid 1.42 as of Friday close, with the shorts camped out around the 23 delta. To me, airlines remain a bullish assumption play from these levels, and DAL is no exception. Consider out-of-the-money short put: the August 21st 20 delta 22 is paid 1.06 as of Friday close or another bullish assumption setup such as a Zebra, buying 2 x the 70 delta calls and selling the 50, potentially calendarizing the setup so that you have more time to reduce cost basis (e.g., buy 2 x December 18th 23 calls, sell the August 21st 27). Pictured here is a NFLX August 21st 455/465/680/690 iron condor with the shorts set up at the 16 delta as of Friday close. The market's showing wide on this setup, but look to get at least one-third the width of the widest wing (i.e., for a 10-wide, at least 3.33). You'll probably have to fiddle with the strikes given the amount of movement it's experiencing. EXCHANGE-TRADED FUNDS ORDERED BY RANK AND SCREENED FOR >35% 30-DAY IMPLIED: EWW (42/40/10.0%) GDXJ 40/55/13.73%) XLE (38/50/12.6%) GDX (34/41/11.0%) EWZ (29/48/12.1%) SMH (26/36/9.2%) XOP (25/61/15.8%) USO (7/53/15.8%) XOP (15.8%), GDXJ (13.73%), and EWZ (12.1%) have the most juice as a function of buying power ... . BROAD MARKET: Currently, no broad market with an August at-the-money short straddle paying greater than 10% of the stock price, but if you feel compelled to play, IWM (42/38/9.4%) is paying the most as a function of stock price. IRA DIVVY-GENERATORS SCREENED FOR AUGUST SHORT STRADDLE PAYING MORE THAN 10% OF STOCK PRICE: EWZ (29/48/12.1%) (Current Yield: 3.36%)
Editors' picks
NASDAQ:NFLX
by NaughtyPines
12
THE WEEK AHEAD: BBBY EARNINGS; XOP, XLE, EWW PREMIUM SELLINGEARNINGS: Next week's earnings announcements are light, with options liquid underlying to play for volatility contract even lighter. BBBY (52/119/18.8%*) announces on Wednesday after market close, so look to put on a play before the end of Wednesday's session. Pictured here is a July 17th (12 days) 11 short straddle, paying 2.03 as of Friday close, 18.8% of where the stock was trading at 10.81. Look to take profit at 25% max or otherwise manage the trade by rolling out to August if it doesn't work out fairly immediately. DAL (43/89/12.3%*) also announces this week on Thursday. A July setup isn't paying much, so I'd be inclined to go out to August to make it more compelling, where the 23/36 short strangle paid 1.83 as of Friday close. EXCHANGE-TRADED FUNDS ORDERED BY RANK/PERCENTILE AND SCREENED FOR >35% IMPLIED: EWW (37/37/15.0%**) EWZ (37/56/10.5%) GDXJ (34/53/14.6%) XLE (33/45/14.6%) GDX (28/39/12.7%) XOP (22/57/16.3%) USO (9/51/13.2%) The most bang for your buying power buck appears to lie in XOP, followed by EWW, XLE, and GDXJ. BROAD MARKET: IWM (41/36/10.0%) IWM is the only broad market exchange-traded fund where the background implied remains greater than 35. IRA DIVIDEND GENERATORS: EWZ (37/56/10.5%) ... and EWZ the only dividend generator with a 30-day greater than 35. * * * Broad market volatility has come in quite a bit here, but SPY 30-day implied at 27.2% isn't exactly a "low volatility environment" either. Nevertheless, it's not a bad thing to sit back, let powder dry out a little bit in preparation for the next volatility wave and/or more productive earnings announcements, particularly with underlyings like NFLX, MSFT, and IBM announcing next week, along with a number of financials: C (36/55), WFC (45/54), BAC (33/48), JPM (32/43), MS (30/45), and GS (27/41). * -- Percentage of stock price the July 17th short straddle was paying as of Friday close. ** -- Percentage of stock price the August 21st short straddle was paying as of Friday close.
NASDAQ:BBBY
by NaughtyPines
✌ Told You To Short The Break. (DAL)💰 LET'S GET INTO SOME DELTA AIRLINES ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - 12 Hour Chart - Red Engulfing Candle - 3/3 EMA DOTS Red Told you specifically to watch that uptrend support, if broke to go short. Now we approach stage 2 of support, the horizontal level. Break below that we can sit on position for further selloff confirmation. DAL almost down 8% in last market session. 3day is also shifting with a red doji. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NYSE:DAL
by UnknownUnicorn2319099
Why Is It Actually BETTER If You Missed The Drop -06/24/20 RECAPHi traders, SPY was dropping nicely thorough the day and although I took 2 nice shorts, I could've made much much more. BUT I think we shouldn't really be upset. Why? Because moves like these happen maybe once or twice a month on average. That means if you adjust your management style to these types of days, you'll be getting stopped out more often during more "normal" days in the market. It's just not worth it. If you are very advanced and can tell right from the open whether today's going to be a huge up or down day for the SPY, big thumbs up, and make sure to send me a message how you do it, I will pay you handsomely! :D Anyways, make sure to watch the video for more details and I'll talk to you soon! Trades: 1) CCL - SHORT @16.79, +1.55% 2) DAL - SHORT @27.99, +1% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +2.55% Total PnL for the week: +4.42% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
2
✈ Delta Air Lines Test Support. (DAL)💰 Man these airline stocks are in nice setups for some serious plays. Almost identical to Boeing as we are now sitting right above the long term support green line. If we break above the red line that we are currently under that would be a breakout attempt to go long. Break below green we look for a short. Line up the ema dots and the Crossover strategy candles for a breach and color confirmation. Use previous break level as stoploss. Best of luck, 🎲🎲 🥇MLT | MAJOR LEAGUE TRADER
NYSE:DAL
by UnknownUnicorn2319099
15
AAL Positions Grew 8% 🔥 and Still More to Come $28 📈Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work Finally the patience has paid off super good. Positions grew 8% and still more to come $28 is the ultimate target. Proof analysis attached below. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move! ⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰 Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
NASDAQ:AALLong
by Profitlio_Trading
18