How We Doubled Our Money with Delta Air Lines Puts

Delta Air Lines, Inc. (NYSE:DAL) backed down from a familiar area of resistance, following Trump's immigration orders and a system outage

Feb 2, 2017 at 3:45 PM
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Our recommended Delta Air Lines, Inc. (NYSE:DAL) March 50 put delivered 101% gains for subscribers of our Weekend Player service. Below we'll break down what attracted us to the stock's options, and how DAL performed after our recommendation. 

We suggested DAL options shortly after the company's fourth-quarter earnings release last month. Expectations were high heading into the event -- and so was the share price. The period since late 2014 has been characterized by repeated failed rallies by DAL in the $50-$52 area -- and repeated sharp pullbacks in the wake of those failures.

The shares of DAL were right in the $50-$52 vicinity when we initiated the put trade on Jan. 17. Following our recommendation, DAL hovered near the $50 area for a few more days, until President Donald Trump's immigration order, coupled with a Delta Air Lines systems outage, sent the stock tumbling to as low as $46.57 on Jan. 31. 

daily chart of delta air lines

 

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