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DAL

$DAL can fall in next daysContextual immersion trading strategy idea. Delta Air Lines attempted to reverse the trend yesterday. The attempt was failed. Today stock opened lower than yesterday's close price and continue falling. Despite oil prices falling, the general condition for this stock is shortable due to COVID-19 panic. Profit from lower oil prices is not enough to cover losses from lower passenger traffic. I suppose the price will be falling in the next days. So I opened a short position from $42.40; stop-loss — $44,36 — over today's high; Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:DALShort
by KozakHlib
2
Delta Air line long set upon pullback BUY DAL OPTION Price target $54 Price target 2 57.68 Warren Buffett famously advises investors to "be fearful when others are greedy, and be greedy when others are fearful." The billionaire investor's Berkshire Hathaway conglomerate showcased that approach last week: It boosted its stake in Delta Air Lines during the massive market selloff fueled by coronavirus fears. Berkshire deployed about $45 million to buy nearly 980,000 shares in the airline last Thursday, according to a Securities and Exchange Commission filing. The purchases raised its total holding to about 71.9 million shares, giving it an 11.2% stake in the company.
NYSE:DALLong
by MavRich_Trading
DAL - DAILY CHARTHi, today we are going to talk about the Target Corp and its current landscape. With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by prioritizing the human factor in the proceeding. The FAA wants to appraise how quickly airline pilots can react to emergency situations and possibly evaluating how the design o planes make it easier or harder for the pilot's reaction. The proposals need to be the debated of Congress, that has been criticizing the FAA administrator Stephen Dickson over its close relationship with the industry, Dickson it's a former employee of Delta Air Lines. The effects of the 737 problems, combined with the slowing down economy entails strong headwinds for the whole industry, plus this new regulatory change, companies could see a shrinking of its orders, and more costs to have products in-line with the new possible FAA framework. The positive highlight of the day for the sector goes to the orders coming from several airlines, like Emirates that ordered 50 Airbus A350 jets in a deal worthing $16 billion; Air Arabia ordered 120 Airbus A320s in a $14 billion deal, and Etihad will take 20 Boeing Co. 787 Dreamliners. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:DAL
by Igor-Silva
DAL Golden Cross suggests Wave 5 For a pedestrian industry, DAL has shown bullish consolidation in a rising channel for years. The Golden Cross (50d SMA crossing 200d SMA) today follows stronger than usual price/action, similar to the last one in Nov 2016., where there was a 38.2% retracement before continuing upwards, this time 53.24. We allow a little more because of the earnings gap, and enter at 52.30. The Feb/Mar consolidation zone is resistance, so the stop is placed below it at 48. The target of 70.50 is ambitious, outside the channel (unless we get another long bullish consolidation), but we are relying Wave 5 being equal to Wave 1 (the last GC). This gives a RR of 4.23.
NYSE:DALLong
by adatherton
Look for gains in Delta (DAL)When you look at Delta (NYSE: DAL), you see a clear resistance but a triangle pattern. When adding a pitch fan you clearly see obvious tests of both the resistance zones. With the gains and natural consolidation you see clear bull flags everywhere. Gains are expected to rise at the beginning of trading at 6:30 AM PST. If I were to guess they will occur around 7:15 AM PST. Major changes (in relation to breaking resistance zones/trends) will end FOR SURE at 8:30 AM PST.
NYSE:DALLong
by UnknownUnicorn4498547
THE WEEK AHEAD: DAL, OIH/XOP, XLK, FCXAfter a short break for shortened trading weeks for the Christmas and New Year's holidays (how bout them holiday markets, huh?), I'm back to my regular routine. Here's what's on tap for the coming week ... . Earnings: I'm not seeing much on the earnings front for volatility contraction plays or premium plays in high implied volatility around earnings that are giving me that "come hither" look. I did look at DAL (65/40; earnings on Thursday), but it's got goofy two-and-a-halfs on the call side in the Feb expiry where I'd want to set up my tent, which could make call side trade management problematic. The very last type of headache I want to have with a trade is being forced to roll to a goofy strike or do something whacky because of strike unavailability. That being said, the February 15th 45 short put is paying 1.26 (30 delta) with a break even of 43.74 (8.5% discount over current price; divvy yield is 2.80%; 1.40 annualized) should that type of play strike your fancy. Exchange-Traded Funds Ordered by Implied Volatility Rank: GDX 73/33 USO 69/53 OIH 64/46 IYR 62/21 GDXJ 59/34 ... And Ordered by 30-Day Implied: UNG 38/54 USO 59/53 OIH 64/46 XOP 53/43 EWZ 27/35 As usual, petro (USO, OIH, XOP) is sticking out for volatility, which is kind of why I like to be in some kind of play with a premium selling component on a virtually constant basis. OIH and XOP continue to dribble along at the low end of their ranges, so my preference would be for bullish assumption setups there with no or limited upside risk (short puts, upward call diagonals, lizards) in the short to medium term. Having gotten out of an XOP upward call diagonal last week, I'll probably re-up with something in the February cycle and will post that trade here separately later in the week. Broad Market: QQQ: 59/30 IWM: 52/26 XLK: 48/30 SPY: 25/24 I've thrown XLK (technology) in here because of its close correlation with SPY (3-month of .86). In comparison, it's got slightly better volatility metrics, but is also one-fourth the price, so you can potentially proxy a broad market play without hanging as much buying power out there as you would with one of the majors. Trade of the Week: Pictured here is an FCX (62/57) upward call diagonal (bullish assumption) setup (with an overlay of copper futures). Although it's got earnings in 18, I'm just looking to get in on weakness and in a fairly high volatility environment. Moreover, I can get in fairly cheaply with a greater than 180 day back month, which will give me plenty of time to reduce cost basis in the diagonal. I went with the March 12 short call strike for the front month because the Feb 11 was "too close," and the Feb 12 was "too far away" (not enough collected for the short call). Metrics: Max Loss on Setup: $278; Max Profit on Setup: $122; Break Even: 10.78 versus 10.82 spot; Debit Paid to Spread Width Ratio: 69.5%.
NYSE:FCX
by NaughtyPines
THE WEEK AHEAD: DAL, C, JPM, WFC EARNINGS; EWZ, TLT/TBTAlthough the earnings season has already kicked off modestly, a bevvy of financials announce next week: C, JPM, and WFC (all on Friday). I generally don't play these underlyings for volatility contraction around earnings primarily because the implied volatility just doesn't ramp up to the degree I'd like to see for a play. I thought I'd mention them here since there will be possible broad sector (XLF) impact depending on how these earnings go -- i.e., there could be a play that develops in one of these underlyings post-announcement or in the sector as a whole that may be worth playing. Other Earnings: DAL (rank 41/30-day 32) announces earnings on Thursday before market open. The metrics don't look promising here for a directionally neutral premium selling play, but I could see going for something bullish if earnings experience engine failure and crash into the 52-week low around 48 and implied volatility remains high such that a bullish assumption play would be productive (e.g., short puts, Jade Lizard, etc.). Although there are some other single names that are "ripe" for a volatility contraction play right here (TSLA (earnings in 31) comes to mind), my general tendency is to resist the urge to put plays on in single name with earnings announcements that are near the monthly and instead wait until the eve of the announcement. With a rank of 99 and implied of >100%, though, it's understandably tough to sit on one's hands and wait. On the Exchange-Trade Fund Front: Brazil is voting today, so it's likely that you're too late to get into a volatility contraction play that may evolve after the results are finalized (the time to have put that play on was last week). That being said, it's also possible that EWZ gets even more volatile depending on the outcome, even though implied volatility is at the top of its 52-week range at 56.2%. The financial media has returned to covering 10-year T note yield hand-wringing and/or the spiking of bond yields in general as a general, explanatory theme of why the broad market gave some up last week. TLT broke through long-term support at 116 last week, cratering to 113. I was previously shorting TLT from the 122 level via put diagonals, but it appears that play may have temporarily played out in the absence of some risk-off event that drives treasuries back up. I will continue to short TLT on retrace, but there is little that sticks out to me in terms of horizontal resistance other than 122 and 116, and I'm hesitant to short from 116, since it literally just broke that level "seconds ago" in the scheme of things.
AMEX:XLF
by NaughtyPines
5