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JETS trade ideas

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.
AMEX:JETSLong
by NaughtyPines
Look at all these sector rotations! Welcome to the new regimeRecently we've seen a significant "rotation" in markets toward large cap tech and defensives, and away from small caps, financials, and transportation. In this post, I will describe the rotation through a series of charts, and I will also suggest some explanations for what's going on. The long and short of it is that I think we've just witnessed a regime change, and markets are going to look very different for the rest of the year. What's up: ecommerce, software, automation After a long period of underperformance early this year, the software sector made a bullish trendline break vs. the S&P 500 at the end of May, and has been outperforming ever since: Likewise the Global X Robotics & Artificial Intelligence ETF: And the Amplify Online Retail ETF: Note that the online retail ETF is outperforming despite recent weak retail sales numbers. What's down: airlines, retail, materials While tech names have been breaking out upwards, we've seen downward breakouts in several other sectors that outperformed early this year. This includes most of the winners of the "reopening" trade, including airlines: The "consumer discretionary" or retail sector has also rolled over, obviously with the exception of ecommerce: As retail rolls over, we're also seeing some very bearish action in the materials sector. In addition to a sharp selloff in lumber, we also saw iron ore and gold take big dumps in the last few days. The materials sector has broken its uptrend relative to the S&P: What's going on: weak demand and the Delta variant Partly tech may be outperforming because of falling bond yields. Tech has been inversely correlated with interest rates since early this year. But I think a couple other factors are also in play. The economic data lately have been very disappointing, with weak retail sales, weak durable goods orders, and weak housing starts. A lot of consumers now say they are hesitant to buy a house, and initial unemployment claims ticked up significantly this week. The ECRI leading weekly index has been in a downward slide since mid-March. All of this points to weakening consumer demand, which I think is why you see the retail and materials sectors falling so hard. The drop-off in demand is partly due to inflated prices, and partly due to the elimination of expanded unemployment benefits. Having already spent their stimulus checks, consumers now simply have less money to spend. There's another factor, too, which is Covid-19 variants. The variant known as "Delta" has been ravaging India and spreading fast in the rest of the world. This variant is highly contagious and has been described as "Covid-19 on steroids." Meanwhile, the vaccine-resistant variants known as "Alpha" and "Beta" have been spreading in Europe and the United States. Alpha is now the predominant strain in the US, having increased from 12% of cases to 37% of cases in the last 4 weeks. With variants a growing threat, it's possible that some traders are hedging against a "reclosing" economy, or at least the possibility that consumers might travel less. Another noteworthy shift: bonds over financials Also note that financials have broken their relative uptrend, with a big drop today: The selloff in financials was a reaction to the upward breakout in bonds: It appears that we're headed into a new cycle of monetary stimulus and low interest rates, which means lower yields for banks. Oddly, the US dollar also broke out upward today. I'm unsure what that's about, or how it fits in with the price action in bonds. Normally higher bonds and higher inflation would be bearish for the dollar. What's threatened: aerospace, energy, and transportation The aerospace, energy, and transportation sectors are so far still in an uptrend, although all three exhibited some weakness today. You'd think that aerospace would fall along with airlines, but remember that the aerospace sector also includes defense, and we are increasingly under threat from China. The transportation sector includes passenger travel like airlines, but it also includes shipping companies like UPS and FedEx. So ecommerce strength may offer some support, but this could still fall out of its uptrend soon. The energy sector trades somewhat in sympathy with transportation, so transportation weakness could bode ill for energy. Energy is also inversely correlated with the US dollar, so today's upward dollar breakout could cause pain for energy. However, this sector is currently being supported by oil shortages and hype around the possibility that oil will reach $100/barrel. Keep an eye on defensives, real estate, and biotech Investors seem to be getting more and more defensive. That includes taking refuge in large, high-quality names. Large caps underperformed early this year, but that has changed in June, with the cap-weighted S&P 500 having broken its downtrend relative to the equal-weighted index: It also looks like several defensive sectors are basing relative to the index. The relatively undervalued communications sector may benefit from the bipartisan infrastructure bill that's now near to passing in the Senate: We're also seeing consumer staples, utilities, and healthcare find some support, though no big upward breakouts yet: Surprisingly, real estate and biotech are also both seeing bullish movement relative to the S&P 500, so these are sectors to watch. Both are relatively undervalued due to having underperformed for a long time:
AMEX:JETSShort
by ChristopherCarrollSmith
8
JETS ETF Bullish inclined naked Puts - 16 Apr ExpiryThis Month I will only be entering a primary trade. As the Primary trade, this is aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. The strike is also at a resistance point of the range. Entering at 0.3 would have been my preference but I was too late to get that price as I was wrapped in the previous JETS trade. I need another JETS as I'm over-reliant on this for the past 1 year. Sold 365 Puts @ 0.23 Strike 24 BP Block: 94K Max Gain: Est $8,395 Touch Probability: 29% % Distance to Strike: 14% Wish me luck!
AMEX:JETSLong
by Ronin_trader
2
JETS uptrend continuingDaily chart on JETS shows a very good setup for a move up to test previous highs, and perhaps break the line of resistance for a move higher. Futures are down a bit at the time of writing this and it will be interesting to see how the market does overall this week. MACD is closing red getting ready to turn green while the RSI is heading up. Look at the uptrend channel on my chart and look how it has bounced off the bottom line of the uptrend channel. Giving this a price target of 30 dollars. Very bullish on this ETF with everything reopening and easing off of the restrictions.
AMEX:JETSLong
by Dc1392
$JETS - Recovery of the Airline Industry“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.” TECHNICALS $JETS is currently trading at $25.50 which is 13% below their most recent high of $28.98 which was made in March 2021. The stock has been in an upward trend since October 2020 as a result of increased vaccinations around the world and strong guidance. As seen on the chart, between 2017 and early 2020 $JETS established a strong support zone between $27.50 and $28.50. With travel expected to increase into the summer and vaccinations continue to be rolled out, $JETS can potentially see a 10% move and settle between $27.50 and $28.50 in the coming months. RECOVERY Based on their most recent earnings reports, airline companies such as $AAL, $DAL, $LUV, and $UAL have all posted that their revenue is up 100% or more from their pandemic lows. Although revenue is sitting around 50% of pre-pandemic levels, the growing number suggests that the industry is recovering. RISKS The greatest risk to the travel industry at the moment is the massive increase in covid cases in India and the emergence of the new covid variant B.1.617. Although much more information is needed, the new variant appears to be spreading at a much faster rate than before and it is unknown if vaccines will help prevent the contraction of the virus. Anthony, OptionsSwing Analyst
AMEX:JETSLong
by optionsswing
2
Bounce off the 50 sma line. Looking at the daily chart on JETS i can see a bounce off the 50 sma line like it has done so previously. MACD is in the red while the RSI is heading downward. I definitely see this ETF benefitting with everything opening back up, and people traveling more. Portfolio has been red the past few weeks but i am still holding strong on my positions as i have focused on long term investments. JETS for me is a medium term stock where i will look to sell at new all time highs which i do see happening this year.
AMEX:JETSLong
by Dc1392
Educational Trend Analysis@mmsoccer $jets and $vde have a high correlation, i would just pick one for a position mmsoccer but with flights picking up wouldn't they go up? and what about the triangle with a more bullish entry? dilille010 @mmsoccer youre talking about fundamentals, i rarely use fundamentals to trade, im in $blok to have exposure to crypto, thats about as close to fundamental trading as i get mmsoccer okay dilille010 $jets looks like its rollingover for a support check at 25.5 mmsoccer jets is all airlines though, and vde is an energy etf? dilille010 @mmsoccer wrote: jets is all airlines though, and vde is an energy etf? check a correlation calculator hold on ill look im not doing anything mmsoccer correlation could be random? dilille010 @mmsoccer its got a .77 correlation, for my trading diversification, i dont hold two postions with higher than .5 correlation on a rolling 5 year basis mmsoccer they do look correlated but they are at a strong support definitely different though dilille010 if nopthign changes, trend says this will test 25.82 by April 23 @mmsoccer its riding the high side of it, if you turn the trend horizontal in your head, is this a bullish buy right now? no, its on the high side of its downtrend thats trend trading mmsoccer your chart makes sense dilille010 it could go bullisj quickly because it is riding the downtrend, but what if it keeps going down and you trade against thew trend if you trade it now, its better to go with trend then be ready to go bull when it makes a new uptrend mmsoccer holy caca the 1h looks so different one sec dilille010 each trader chooses their timeframe, based on their risk appetite and trading profile mmsoccer i love the 1h as you can tell lol dilille010 the 1 hour is mixed for me. its breaking both up and down trends and its in a downward consolidation, downward consolidations are usuaally bearish @mmsoccer mmsoccer dilille010 i dont use candles for trend trading anymore mmsoccer im looking more short term for the 1h, triangles imo can go either way dilille010 candles are emotional for me and tell me nothign about trend, i rely on closing prices mmsoccer but going doesn't require margin or anything so that seem less risk in forex i trade short and long, because currency values fluctuate normally dilille010 @mmsoccer you are arguing a bull position for a stock in a bearish trend on 1 day and 1 hour, in a downward consolidation, in a stock that is making lower lows and lower highs, you see your argument technical analysis says this is going lower mmsoccer on the 1h i see it as neutral and the daily dilille010 then make your bull position, just have stop losses built in or be ready to cost average down mmsoccer with confirmation it could go either way dilille010 im giving you pearls and you are just saying, "but yeah, no, i think im right" mmsoccer ya thank you! im gona go have confirmation code for the bullish entry and code my takeprofit and stop loss with my coding platform i cant short stocks
AMEX:JETS
by dilille010
Recovery Play | Long JETS- Airport traffic is up, vaccine rollout, ease of travel restrictions and approaching summer travel season - Projected by summer 300 million Americans will have been fully vaccinated against the virus - By the end of July, China's airline passenger volume is projected to be at 90% of pre-pandemic levels - I see a rally for the next couple of months going into travel season, watch for sell news in June Short Term Trend Up, 20MA > 50MA Stoch RSI , Buy Signal
AMEX:JETS
by 0dteTraders