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thestyles
Apr 13, 2021 11:56 PM

Delta $50 Strike Exp 6-18 Long

Delta Air Lines, Inc.NYSE

Description

Analysis for buying $50 strike @1.87 expiration 6-18.
Comments
mommymiles
even with this pullback after earnings?
thestyles
@mommymiles, If support holds around 46-45, then yes. Despite the earnings pullback there looks to be some price rejection below 45. If 45 becomes the new resistance, I might change my mind depending on how long it takes to rebreak that level. If it drops to another level of support then 50 strike seems unlikely.
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