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DEAI34 trade ideas

October 11 Earnings: Delta Airlines - Fuel, Fuel, FuelAll major airlines have enjoyed solid financial upbeat since Oil $USOIL has remained under $50/barrel. Delta Airlines has subsequently hiked their dividend throughout the quarter and increased share buybacks. The company is also committed to paying down debt while financial conditions allow for it. The ITIA's latest data reports a Load Factor of 84.7% - Optimistic readings for airlines. Traffic growth remains high at 6.8% as more people take to the skies and shipping increases. I believe this quarter will be bullish for airlines following the summer season. I'm starting Delta Airlines with a $55.00 PT for the post-earnings price action.
NYSE:DALLong
by TraderDanER
Fly eagles fly $DAL $UAL $LUVI'm still tracking the airlines with a big smile despite a vicious retest of "range breakouts" that occurred last month. Delta is my chart favorite. This is less of a range breakout and more of a slow grind up. Currently showing some nice divergence on the hourly near long term resistance. I only buy on strength so I will wait for a SOLID higher low/higher high. The options are trading tight and deep - aka good spreads and great open interest/volume across many months and strikes. The implied volatility is low, so the options are relatively cheap. Since this stock is grinding higher slowly, I am happy to buy time when the IV is so low,
NYSE:DALLong
by fallingumbrellaman
DAL: Removing earnings risk while keeping upside exposure.This post takes over from the previous one (see below), as we propose to take full profits ahead of earnings publication on July 13. The logic is to entirely remove any risk related to earnings disappointment, while keeping full upside exposure. The cost of this strategy will be < 2% (to be put in perspective with the 22.5% we have achieved so far on the long stock position). BUY DAL 21July17 $56 CALLS at $0.96/Share (indicative, as per last close). RISK REWARD If the stock flies, you make money on the call and can optionally convert back into your stock position. If the stock trades down, your hedging strategy would have worked and you might be able to sell OTM puts to offset the call premium. The worst-case scenario is if the stock remains flat: You would have lost your position and your premium.
NYSE:DAL
by HAL9000