KeeneOnMarket
Long

Trader thinks DAL can trade through its 52 Week High

NYSE:DAL   DELTA AIR LINES INC DEL
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Today a trader bought over 2,000 5.9.2014 37 Calls for $.74. This gives the buyer of the Calls, the right but not obligation to buy 200,000 shares of stock at $37 between now and next week and they paid a Cash Outlay of $150,000. With recent sell-offs in UAL             and AAL, I thought that this was a goos risk vs reward trader, so I bought these Calls as well. Lets breakdown my trader.

The Trade: I bought the DAL 5.9.2014 37 Calls for $.74 debit
Risk: $74 per 1 lot
Reward: Unlimited
Targets: $.85, $1.00, $1.20 and $1.40

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long
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