$UAL $AAL $DAL $LUV Shortterm ShortsThis mild rally.... will it last?
Looking bright to fade. Will trade options on one of these.
LUV - 75% IV, 30% IVP. Sizzle - 50%
UAL - 110% IV, 33% IVP, Sizzle - 45%
DAL - 95% IV, 25% IVP, Sizzle - 50%
AAL - 136%IV, 33% IVP, Sizzle - 45% - Makes sense. Says a story for every every option trader out there. The risk of AAL going down is huge.
First thing - BACK RATIO SPREAD is not an option in the options strategy
Secondly - Tight Credit Spread can give you Great Credits.
Third - An DEEP OTM Iron Condor would give tremondous credit. Worth Leggin in it too.
Fourth - Diagonal with 4-1 Risk to Reward.
Fifth - Calender Risk 1 -2 Risk to Reward.
These seem to be the best option here. I will do the one that makes sense tomorrow, provided the entry triggers.
