Closed: JETS February 18th 23 Short Straddle... for a 2.55 debit.
Comments: Total credits collected of 3.02 on this puppy. (See Post Below). Closing out today for a small winner (.47/$47).
JETS
Rolling: JETS January 21st Short Straddle to February 18th... for a .29 credit.
Comments: This ... is going to need time to work out. Collected 3.02 in credits so far, (See Posts Below), so I'm functionally long the 23 puts with a cost basis of 19.98 (is one way to look at it).
Rolling: JETS December 17th 23 Short Straddle to January 21st... and selling the 19/27 long straddle aspect for an .86 credit total.
Comments: This originally started as a 19/23/23/27 iron fly, for which I received a 1.86 credit. (See Post Below). I closed out the longs for a .42 credit and then rolled to naked "as is" to the January 21st monthly for a .44 credit with the net delta of the position now being bullish (since my assumption is that this recovers at some point). Total credits collected of 2.72.
$AAWW: Flying SoloAAWW continues to benefit while $JETS and stocks like $SNCY continue to push new lows, if you are looking for airline exposure I do believe you will see the best return here compared to the broader sector. Good luck traders!
Opened (Small Account): JETS December 17th 19/23/23/27 Iron Fly... for a 1.86 credit.
Comments: Betting that the underlying chops around here between the break evens at 21.14 and 24.86. Because this is akin to a short straddle, will look to take profit at 25% max.
$BA Boeing FlyingI'm long JETS so no trade for me here, but a good potential idea would be to trade the move to the AVWAP $236. Nice falling wedge breakout . Earnings 10/27 so keep that in mind for any option trades.
BABoeing is likely going to break higher imO..
Buy calls above 230 and go long on this DTL breakout
Short below 204
Buy up at 194 if the bid if given.
JETS good R:RDaily breakout today,
Market is showing weakness, however, above 25.20 could see highs.
Must break that level for upside move though.
$JETS Weekly MACD CrossJETS weekly from a technical perspective has bullish momentum with QQE buy signals and MACD curling.
Bullish on the weekly close above 21EMA and in a nice volume gap with room up to 26/27 supply zones.
From an options flow perspective, there was a buyer of the 11/19 21C for $2M in premium. I followed and am currently up +77% and still holding with $26PT
If you're not long, I think an idea would be to swing calls for the move up to $26.
JETS ETF - coming off the base Nice clean break of the base - travel sector looks to be gaining some momentum back. Loaded up some calls with a few short term targets between the mid 20s. Weekly looks good too.
The U.S. Global Jets ETF (JETS) provides investors access to the global airline industry, including airline operators and manufacturers from all over the world.
9/26/21 JETSU.S. Global Jets ETF (JETS)
Sector: Transportation, Investment Trusts/Mutual Funds (Airlines)
Current Price: $24.29
Breakout price trigger: $24.25 (hold above)
Buy Zone (Top/Bottom Range): $24.25-23.25
Price Target: $25.00-$25.50 (1st), $27.00-$27.80 (2nd)
Estimated Duration to Target: 21-23d (1st), 116-124d (2nd)
Contract of Interest: $JETS 10/15/21 24c, $JETS 1/21/21 27c
Trade price as of publish date: $0.85/cnt, $0.78/cnt
JETS ETF Bullish inclined Naked Puts 10 Sep Expiry (Sep Track 2)This is the first month I'm breaking up my trades into 2 tracks to spread risk and provide myself with more room to navigate depending on the market situation.
I'm back bullish in JETS as it seems like the US is taking the virus in it's stride, even with Delta cases rising fast. Any virus precautions and restrictions while limiting are not new to business owners or consumers. Leisure and hospitality as an industry is opening up fast, Increasing pay and benefits to lure people back.
As more people get vaccinated and business returns, I think we should experience a jolt of green in this sector.
Sold 250 Puts @ 0.21 Strike 20
% to Strike is 13% from entry
ATR percentile is a high so I think we are at a pretty decent price
Rising RSI, tied to an uptrend of lower highs
Total BP Block: 50K
Closing (IRA): JETS March 18th '22/October 15th 24 LCD... for a 7.63 credit/contract.
Comments: With max profit in the diagonal around the width of the spread (8.00), closing it here rather than waiting another 21 days for the remaining extrinsic to bleed out and/or risking that price returns to below 24. My cost basis was 6.49/contract (See Post Below). Closing it here results in a realized gain of 1.14 ($114)/contract, an ROC of 14.25% as a function of the spread width. I'll look to re-up if we get any weakness back to ~22. Otherwise, I'm still in UAL covered calls as my airline "reopening" trade.
* -- Long call diagonal.
$JETS Taking OffNice breakout here Phase E Wyckoff accumulation pattern. Volume pocket implying further upside to $25 to $25.9
I'm long November 23 calls
Rolling (IRA): JETS September 17th 24 Short Call to October 15th... for a .36/contract credit.
Comments: This is the short leg of a long call diagonal, the long leg of which is out in March of '22. (See Post Below). There isn't a ton of extrinsic left in the September 17th 24, so rolling it here. Cost basis in the setup is now 6.85/contract - .36 = 6.49 with a break even at 22.49. I'm hanging out for a decisive break of 24 at some point ... .
The Boeing (BA) Company to $240, $280, $300 and why Boeing (BA) has a Cup and Handle forming on the daily. It is also approaching the bottom of a 1 year and 5 month old Trendline. This Trendline’s lows originated during the COVID-19 March lows. I believe this is the strongest support for BA. This same trendline has acted as support in the past several times.
Potential targets drawn for your viewing. Explained in more detail and why $300:
Potential targets with this bounce with the bullish Cup and Handle and 1 year 5 month old Trendline Support: $240 (past resistance), $260 (past resistance) and $280 (past resistance. If we break through $280 we could run to $300. $300 is the old support back in a big dip in 2019, could actually as resistance. At 225 purchase price and 300 sell price this poses a 33.3%+ ROI.
Fundamentally, vaccines are being released and our expert scientists are figuring things out.
TECHNICAL: BA looks incredible on a Technical Level with the Bullish Cup and Handle, and Trendline Support (the bottom of this trend originated in March lows).
FUNDAMENTAL: BA is in an incredible spot if you believe these vaccines will have a positive impact on the travel industry. I believe Boeing’s travel outlook will weigh much more over defense concerns (now that we are out of Afghanistan). Long term, it may be a problem, but we are playing the bullish cup and handle and trendline support baby!!
Let’s go The Boeing Company!
This is in no way shape or form financial advice. This is for educational purposes only. This is also a case study. None of this is financial advice.
$GOGO: 33% Short Interest Heading Into Holiday Season$GOGO getting a pop today one day after the White House announced mask mandates through the holiday season, should we buy the news or will this be a holiday humbug?
Opening (IRA): JETS March 18th '22 16/September 17th 24 LCD** -- long call diagonal ... for a 6.85/contract debit.
Comments: I wasn't entirely satisfied with what I would be getting paid for my go-to strategy of selling short puts in this, so doing something a little more directional here. Buying the back month 89 delta, selling the front month 37 here and paying 6.85 for an 8-wide with a max profit metric of 1.15 ($115)/contract or 16.8% ROC at max (assuming convergence of price on >$24/share). Will work it like a covered call.
JETS - An overview on AirlinesUpwards channel looking to continue trending as long as major support does not break. Sights of bullish trend reversal coming up. Breaks above minor channels shown will confirm my thesis. Aligns well with my BA analysis.
𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: $DJT Daily. 🐂-ish DivergenceBullish divergence at bottom of channel. Possible run to start on false #DeltaVariant fears?
$TRAN $IYT $JETS $AAL $UAL $DAL $LUV $FDX $EXPE $BA $SPY $ES_F $VIX $DIA $DJI #Stocks #Transports 🛫
AAL - Airlines recovery, BUY opportunityWe can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
