DAL - earnings 7/14 morning - swing calls
After RSI climbed to 70+, it has retreated as price has consolidated, but is holding in a bull support zone. Price closed below 50sma and came back over. I bought 8/21 expiry 30 strike calls, a small position. If earnings are good IV drop will not hurt much and stock will head back to $40+
Trade active
I am holding these calls unless stock trades below 25.15, which is the low of most recent bullish engulfing candle (daily chart).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.