Looking at opening a Bear Call Spread, earnings for airlines mid Jan, will probably close before if profitable early. Expecting range bound with a little bit of bullish sentiment retesting around $21-$22. Option Prob 80% change of closing under $22 over the next 30 days.
Trade setup 10 Calls Sold $22 Jan 21 22' 10 Calls Bought $23 Jan 21 22' Max Profit $170, Max Loss $830 Will close if 30-40% profit captured early.