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DELTA AIR LINES INCDELTA AIR LINES INCDELTA AIR LINES INC

DELTA AIR LINES INC

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DAL trade ideas

Delta calendar spread strangle ideaDelta airlines has stayed in an upward trend channel the past 4 months. Today it peeked out above it at $43.67. I saw this as a good entry for a DAL$42-45calendarSpreadStrangle12/11-12/18. This gives me a week to profit the price action on the put side and 2 weeks to profit the price action on the call side. The reason I spread the expiry dates like this is because DAL was at the extreme 4 month trend channel high so I'm anticipating sooner movement on the downside and later movement on the upside. Either way I'm covered for the future price action with risk management. The only potential losing part of this trade is the theta, time decay, that's why I entered a strangle at an extreme point in DAL chart pattern expecting movement. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue & Earnings Debt / Cash Book value, assets 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum www.tradingview.com www.tradingview.com
NYSE:DAL
by Options360
6
Cup and Handle Inverse Head and ShouldersDAL also formed an inverted H&S with neckline at 35.9.. Possible long term targets/T2 59.2 65.5.. Head and shoulder bottoms or Inverse H&S, can have more than one head and more than 2 shoulders, but rarely both. The bottoms can be rounded (Eve) or spikey (Adam) or a mixture of both.. This reversal pattern (reversal of a downtrend as there has to be a prior trend to reverse) is usually reliable although any pattern can fail.. The psychology of an inverse H&S is a supply vs demand scenario or a tug of war between the bulls and the bears. The bears take price down forming the left shoulder, but the bulls come to the rescue, taking price back up. The bears fight back and this go around, the bears take it even lower, forming the head. The bulls are not giving up yet and come back in force sending price up once again only to have the bears rain on the their party. And once again the bulls take price up. When price goes down to form the right shoulder, the bulls are ready and waiting to take price back up once again. By now the bears are worn out, they throw in the towel and go hibernate for a while and price is free to go higher after crossing the resistance of the neckline. Not a recommendation
NYSE:DALLong
by lauralea
DAL - Elliottwave analysis - Swing set up - Bear caseDAL - It is in Y wave down within WXY correction down. The X wave was triangle and seems its over, but it will confirm, once price break down below 27.89 level. It is a sell set up at current level with stop level above 34.02 for target below 28 or even lower. It is under performing the SPX, which is added benefit to the trade set up. As alternate count, it can extend the E wave in further triangle, so if price doesn't fall soon then there will be extension within correction, so stay small initially in trade and add more after confirming down cycle. Give thumbs up if you really like the trade idea.
NYSE:DALShort
by EWFcw