blockfanatic

AAL Correction time.

Short
NASDAQ:AAL   AMERICAN AIRLINES GROUP INC
Seems like the time for a correction has come for AAL (American Airlines). Small or significant is a matter that remains to be seen. Whatever the outcome, Long Puts w/monthly-bimonthly expirations, a percentage available for hedging, and let's see how it plays out.

Comments

Bold move, the floor seems to be somewhere close to 28 it has bounced off of there 3 times in the last couple years. It is oversold and just hit the lower bound of the Bollinger band.
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