American Airlines Group Inc. (AAL)

on Mon Jan 30, 2017 5:18 pm

American Airlines Group Inc. (AAL), $46.95

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Trade: We recommend selling 10 Feb 50 naked calls (19 DTE) for a net credit of $400 or better on a bounce.
Strategy: Bearish Wide Range Bar (-WRB) engulfing bar at Major Resistance, with extended weekly chart.

Max Gain: Premium received.
ROI: 5% on margin, with 7.3% cushion to break even of $50.40.

Max Loss: Cost basis of $50.40 if assigned.
Stop Loss: $50.12.

source; mastertrader