Buy Alert: July 15, 2016

| July 15, 2016

Buy Alert:  July 15, 2016


Trade Details

Buy Delta Airlines (DAL) August 19th 41 Calls for $1.25 or better (lower)



Earnings season has begun, so let’s take advantage of it.  The airline industry has gotten a boost from an increase in retail spending (in the US).  DAL just reported better than expected earnings this week and the stock took off.  However, the rally was halted after the news of the terror attack in Nice, France hit the wire.  I believe the stock will continue to rise once things settle down a bit.

Let’s buy August calls.  Conservative investors can take profits at $42.50.  Aggressive investors can hold to $44.  For risk control, conservative traders should exit at $36, while more aggressive traders can hold to $34.


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Delta Airlines


Category: OTW Buy Alerts