DAL has been ascending for two months now and has upcoming earnings. As can be seen
on the 2H chart, price has been consistently above the anchored mean VWAP since June 1st.
Price crossed over the POC line of the volume profile on June 26th. This is the level where
the most trading volume in the time range occurred. Above that line, buyers and their buying
pressure are dominant. The Zero Lag MACD shows the lines crossing and the histogram
going from negative to zero. I will take a long trade considering the earnings report anticipated
for July 13rd. For this, I will take a call option trade of ten contracts for the strike of $47.50
expirating 7/14th. On the last trading day, the contract had a low of $0.96 to a high
of $1.54 meaning a one-day increase of 60%. I anticipate a three-day return of
100% and expect the trade to cost about $1.54 x 10 X 100 or $1540 which is also the
profit expectation.
on the 2H chart, price has been consistently above the anchored mean VWAP since June 1st.
Price crossed over the POC line of the volume profile on June 26th. This is the level where
the most trading volume in the time range occurred. Above that line, buyers and their buying
pressure are dominant. The Zero Lag MACD shows the lines crossing and the histogram
going from negative to zero. I will take a long trade considering the earnings report anticipated
for July 13rd. For this, I will take a call option trade of ten contracts for the strike of $47.50
expirating 7/14th. On the last trading day, the contract had a low of $0.96 to a high
of $1.54 meaning a one-day increase of 60%. I anticipate a three-day return of
100% and expect the trade to cost about $1.54 x 10 X 100 or $1540 which is also the
profit expectation.