$LUV potential long term value play

3 сент. 2020 г.The airlines industry seems to have found a bottom over the past couple of months while the general market has rallied.

It may be a good idea to start accumulating positions in some of these potential long term value plays before a possible sector rotation into the airlines industry.

Here LUV broke out of its falling wedge and the pullback gave us:

1) Support of the trendline
2) A higher low
3) Reclamation of the 8EMA and 21 EMA

If it can clear and hold the 200 EMA I will start scaling into medium and long term calls.

Another good indication would be similar plays in other airline stocks such as JETS, DAL, UAL, AAL et al.

5 сент. 2020 г.

Сделка активна

I am using a PMCC strategy where I sell shorter dated calls against my far dated one.

12 февр. 2021 г.

Сделка закрыта: достигнута тейк-профит цена

My long call is almost reaching expiry. Closed them since my short call is now ITM.