JETS trade ideas
JETS ETF bearish inclined naked calls - 13 Nov expiryOnce again I'm re-entering a JETS options trade given the low volatility . The industry is still weak and I don't think we will see much upwards movement in the next month especially with the US elections heating up and the focus still on CN, Tech and Healthcare.
For this trade, I sold calls close to a key price resistance point. I did not cover this options trade as I realised my covered options did not protect when volatility increased and the strike got closer.
For now I am leveraging S/R lines to determine strike price selection. I wonder if a potential hedge is a OTM VXX options position at a cheap low price point (When VXX is down, it means the market is up)
Sold 80 Calls @ 0.30, Strike 21
BP block: 15k
Max gain - est $2400
JETS ETF bearish inclined naked calls - 16 Oct expiryOnce again I'm re-entering a JETS options trade given the low volatility. The industry still weak and I don't think we will see much upwards movement in the next month.
1 Sep when a majority of stock spiked upwards. JETS had minimal movement.
As such I sold calls at the high of a key price resistance point. The current RSI is at a high band of 66. I did not cover this options trade as I realised my covered options did not protect when volatility increased and the strike got closer. I'm coming up with ways that I can better hedge against volatility but for now, I am relying on basic TA and historical low price movements
Sold 80 Calls @ 0.25, Strike 22
BP block: 15k
Max gain - est $1958.05
JETS ETF - Protected Bearish Inclination 18 Sep expiry There seems to be a resurgence of COVID-19 cases across the globe. Before Sep 18 I doubt there would be positive news for the travel industry, especially in the US.
As price broke the support line, technically theres a chance it will continue dropping.
Positive news on the stimulus won't help travel and I do not expect an influx of investors into the travel industry as it is one of the weakest sectors and money would probably flow first into something more solid like tech or at least the S&P 500.
This is a protected trade. If price goes bearish, I have a chance to hit my max gain of est. $3222 but I must close the contract before it drops too much my way otherwise I will start losing.
If prices don't go my way (goes bulls up) or ranges I will collect est. $1250
Would prefer this to be a 4 weeks contract, but 18 Sep (8 Weeks) had a better price for my trade structure
Sold 80 Puts @ 0.26, Strike 12
Bought 10 Puts @ 0.73 Strike 14
BP block: 10k
Max gain - est $3222
Planned Minimum gain - est $1250
$JETS Potential Bullish Breakout
Potential long on break from ascending triangle in
confluence with a drop in price resistance, volume shelf at $18.50 a key level.
Potential long above $18.60
Potential targets $19.50-$20.00 in short term
JETS rotationIf the market doesn't crap the bucket anymore from here I think its very possible we get some rotation into airliners.
JETS weekly - down trend reversedOn a weekly close basis, it made a higher low and a higher high, pretty typical trend changing indication. Though a bit early but looks promising. RSI is 49.96, MACD is positive. Weekly volume is decent.
Airlines a good buy herebull case:
-double bottom w/in double bottom
-consolidation
-making higher lows
-airlines cutting jobs and becoming leaner
bear case:
-airlines were weak before covid
-many realized that a lot of business can be done virtually.
-EPA will start regulating pollution
People are eager to travel, but not business travelers. So will look for longs in travel booking stocks.
JETS breaking thru resistanceNot the usual pond I fish since virtually all names here have damaged charts and fundamentals, but the risk reward here seems good. Getting exposure to the upside thru an ETF to avoid going into any particular name.
Long @17.30
JETS ETF Call Options With Bears ProtectionJETS invests in both U.S. and non-U.S. companies involved with the airline industry, including passenger airlines, aircraft manufacturers, airports and terminal services companies.
Due to COVID-19 it's one of the weakest sectors and from my observations it seems to fall first and raise last vs the S&P 500. As countries are slowly opening and getting a grip on the virus or at least are forced to push forward to avoid further economic impact, JETS ETF could potentially move up. I am around 70% inclined to this, especially since price seems to have breakthrough a range of 15.79 - 11.28
To protect myself from bearish moves. I loaded up on call contracts at a higher strike. This means that no matter how low price goes I will always get +$875. However my profits are capped at strike 20.99 with my risk being price moving upwards beyond strike 21.45. The plan of course would be to close the trade before.
Sell Calls 31 July - Strike 21, 0.3, Qty 45
Buy Calls 31 July - Strike 18, 0.95, Qty 5
JETS ETF - Robinhood Rally At Risk.JETS ETF has gapped down and fallen below its upward trendline. Price action is seeking a higher-low level to establish support.
Once the support level has been established, price could then reverse to seek out a lower-high level and establish resistance.
Resistance 3 area: 21.28 to 22.04
Resistance 2 area: 19.14 to 20.15
Resistance 1 area: 17.11 to 18.13
Support 1 area: 15.95 to 15.01
Support 2 area: 14.11 to 13.02
Support 3 area: 12.04 to 11.05
$JETS Be cautious of weak hands
From the chart you can see the huge spike in volume within the ETF which can be attributed to retail traders getting attracted by the appeal of large daily gains. The Robinhood app in particular has a large number of members trading within this ETF.
Any market weakness could see a quick draw-down and lead to considerable downside.
A good option to hedge against long positions in airlines.
$15.00 - $15.65 has a confluence of support levels
PLEASE GIVE US A LIKE IF YOU FIND OUT CONTENT HELPFUL, THANK YOU.
Bullish on $JETSLooking to take long position if tomorrows close stays above trendline. Hopefully worst is over for airline industry. PT $32.31
Consolidated for 2 months before breaking out in positive trend. (positive sign)
Jets Long #Jets is trying to break strong level $22 (level confirmation from early March 2020). Alligator open mouth suggests growth, so IF the stock stays above $22 LONG trade is recommended. Entry point around $22.15, stop loss $21.85, take profit $23- 23.75(next strong level).
JETS - LongI like to use JETS to trade any of the airline stocks( DAL , UAL , AAL , LUV , JBLU , SAVE .
It seems the overall market could just pull back a little and continue on with the short squeeze, so if the last gap up pattern plays out again, I'll be entering positions in a few airline stocks when JETS traces back to bottom of the gap up candle.
Jet's ETF Short Entry 13:41:05 (UTC) Thu Jun 4, 2020Jet's ETF Short Entry
13:41:05 (UTC) Thu Jun 4, 2020
$JETS:NYSE - US GLOBAL JETS ETFJETS might be one of those buy and forget about it for a few months type trades. I have bought several of the individual airline stocks as well as CCL (Carnival Cruises), but JETS is a relatively easy way to get access to the airlines stocks. I can imagine that domestic travel will start to open up shortly, and no doubt the baby boomer generation will be looking to their beloved cruise lines again for travel. Worth a watch.
JETS invests in both U.S. and non-U.S. companies involved with the airline industry, including passenger airlines, aircraft manufacturers, airports and terminal services companies. JETS invests in companies within the airline industry, which spans passenger airlines, manufacturers, airports and terminal services. Small-, mid- and large-cap companies are included from both the US and internationally. The fund puts about 70% of its weight in US large-cap passenger airlines (at quarterly rebalance) with a tiered weighting scheme driven mostly by market cap as well as passenger load. It populates the rest of the portfolio with companies in supporting industries from the inside and outside the US, chosen by fundamental factors such as gross margins, sales growth and sales yield.
JETSThe captain requests that you keep your seat belts on/fastened.
Lots of Turbulence (Manipulation) in the skys!
*Watching @ $15.58
Remember Buffet's sold airliners? - JETS +10%Remember Buffet's sold airliners? - JETS +10%
Buffet is still waiting for the dip and his sold airliners are now substantially higher than when news broke the wires on May 3rd.
