Trade Ideas
UOA PRO New Trade Idea AAL 8-5
7,000 18September 14 puts bought for 0.28 in one order above open interest of 4,657 contracts. Stock 16.62-16.65.
New Trade Idea
Ticker: AAL
Stock: 16.65
Trigger: 16.55
Targets/Resistance: 15.90, 15.61, 15.34, 14.72
Expiration Date: 21AUG
UOA: 7,000 18September 14 puts bought for 0.28 in one order above open interest of 4,657 contracts. Stock 16.62-16.65.
AAL $16.86 Last.
Large Sept. set OTM put buy appears after a multi-week jam-job higher off the 100/200. Charts are bullish overall but there could be a pullback against trend trade here. The 50/20 could be tested in that case.
Trigger: $16.55, today’s current low.
Strategy 1: Consider the AAL 21Aug. 17.50 puts for $1.25 projected at trigger level today. Front Month Starter Kit since this is counter to trends and is currently OB so should retrace sooner than later if at all.
Targets: 15.90, 15.61 (50 SMA currently), 15.34 (10 SMA currently), 14.72