AirMarketGroup

AirMarketGroup

It is a bit of a change of scenery seeing Virgin Galactic Holdings, Inc (SPCE) trading almost completely range bound trending sideways. Those holding positions over the last 3 months had various opportunities to sell out of the money calls on their positions with out ever being assigned on their option. With trading volume at levels that are fractions of its...

AirMarketGroup

The start of September IVR picked up and we can see a series of red candles within that same time range. Now as IVR settles back down to its stable range then there should be less dramatic movement in the stock price. Should price continue within the current range then being able to play with price between the two values would be a manageable trade with...

AirMarketGroup

Fly Leasing LTD is in a great place to make it back towards previous trading levels. Reaching back to a $20 stock price would mean a 100% increase in value. Depending on the time range that it could take to occur various on the unknown nature of the market although the business continues to remain strong and looking for ways to expand. Optimistic to see how the...

AirMarketGroup

That was a fun rally. But earnings is going to be coming out soon and investors certainly cant love seeing negative earnings reports quarter after quarter. Price has potential to settle out a bit after this rally to find some support levels before testing to new highs. We are already seeing a turn in the MACD as it turns from an overbought market to an oversold...

AirMarketGroup

Heico has no plans on shutting down their doors. Providing maintenance services for airlines around the world they certainly have a long term plan ahead for the future. Currently near the bottom of the trend area upcoming earning reports. Potential for price to move up towards the higher portion of the range should the report come back strong.

AirMarketGroup

Over the span of 342d Air lease is up 389% which averages out to just about a little over 1% growth per day for the year. The pervious range where price held above before it fell dramatically due to the shock the market went through during the start of Coronavirus lockdowns is now just a few dollars a way. Once it breaks above that previous high than we can look...

AirMarketGroup

Incredible 300% increase over just a range of about 100 days. Earnings have been over expectation for the last two quarters and there is a dramatic increase in volume over the last week. The options market has started to increase as well with 10,000 Open interest for the $12 Call with the 19 Mar 21 exp. Looking to see how price reacts from this current high....

AirMarketGroup

Pre-market the UAL 20NOV20 $40 call shows an Open interest of 2608. The Probability of the option being in the money is only 27.5% and there is also a 72.25% implied volatility included in the price. With a 72.5% chance that this option will expire worthless we can create a simple spread to be able to collect the premium of the option that is around 30 days to expiration.

AirMarketGroup

Iron condor on a sideways trending AAL The S P12 20NOV20 B P10 20NOV20 S C14 20NOV20 B C16 20NOV20 CREDIT: .95 Max Risk: 1.05

AirMarketGroup

Using previous candles to aid in understanding what the patterns have been within a certain underlying can assist in being able to identify high correlation areas that contain a greater probability of price action. Using a mixture of fibonacci retracement tools, standard deviation and trend lines we can create a high correlation area that allows us to be able to...

AirMarketGroup

Struggling to pick a direction many airlines stocks have been stuck in a range bound pattern which is also seen here in Boeing (BA). Currently back towards the center of the range there is an equal opportunity for both sides to see some price action. Although As volume starts to dwindle and less activity is seen for new orders of aircraft, the outlook is unclear...

AirMarketGroup

Using Standard Deviation rules and a Fibonnaci Retracement channel we can track the range bound movement of Uber and help determine the next probably trading range. Testing near the highs of the range showed some resistance as we closed yesterday with a strong bearish candle. showing inability to regain strength could signal a potential reversal of price back...

AirMarketGroup

Although earnings reports are showing to be weaker than than of other airlines, Delta has been able to reduce their cash burn rate and help to mitigate overall losses. After taking a sharp drop down from progressive movement upwards, the technicals are starting to show a potential support level testing a higher low. Using a standard deviation measurement and...

AirMarketGroup

Directional plays within some of the airline stocks have now become obsolete as volatility has dropped significantly for the sector. The last three earnings reports have all been in at a loss with final reports being slight better than estimated. The market is expecting the worst right now which is in turn affecting the stocks ability to rise. 1 standard...

AirMarketGroup

Southwest has continued to fly everday during this pandemic. On some flights carry less than 10 people at one time. Although the service has been limited the flights are starting to fill up slowly and surely and with the 737 max test flights starting again, that would bring a large portion of their fleet into service.

AirMarketGroup

Expedia has risen up nearly 50% during Q2 in 2020. A market that many believed would be shocked by coronavirus shockwaves continues to thrive as traveller are looking to get away from high risk areas. Meeting some resistance levels now from previous highs, we may see a slight dip in price before next earnings rallies.

AirMarketGroup

Sideways trading channel of price action with RVI in the mid-range as well. Volume starting to drop down as we start to enter earnings week. More investors will start to reduce their exposure to risk this week.

AirMarketGroup

This next week we have earnings week and so we can start to see more economic data coming in from the 2nd quarter. Overall we can expect for price to remain within the range of standard deviations as there will be equal push and pull from both sides. Many investors have already priced in their anticipations about the sector.