hungry_hippo

DAL Overbought going into earnings

Short
NYSE:DAL   Delta Air Lines, Inc.
Stupid overbought going into earnings later this week. Watching for a reversal tomorrow to buy some puts. Look at all of the indicators, not to mention this thing is usually range bound, it's a cyclical stock not a growth stock.
Order cancelled:
Day traded some puts for a small profit but bailed on earnings. With the market being pumptarded, I decided it wasn't worth the risk.
Comment:
I was looking at this pre-market, thought it'd close the gap at $59.7 before tanking. Oh well. I guess the market isn't completely stupid, smart money taking profits.
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