fuzzballl 7:26 am on Wednesday, March 21, 2018
Tags: SyntheticStock ( 356 )

LUV

#SyntheticStock – Was seriously considering booking this one yesterday since it was up 2 dollars per spread…so much for that. Looks like the weekly selling will continue.

Bought to Close LUV MAR 23 2018 60.0 Calls @ .05 (sold for .60)

fuzzballl 7:34 am on Wednesday, March 21, 2018

I may regret this but gonna try to squeeze a little more out of this week. Using the 200ma resistance as a sell point. Hopefully I’ll have to roll… 🙂

Sold LUV MAR 23 2018 58.0 Calls @ .25
smasty 9:23 am on Wednesday, March 21, 2018

UOA on LUV today. I bought a Bull Call Spread on it today.
Top Trades and Sweeps
LUV 57.53 -3.16 Ref @CONDI3 website
>> 5000 LUV May 67.5 Calls $0.24 ASKSIDE BOX 10:57:06.475 IV=28.4% +1.5 AMEX 263 x $0.15 – $0.25 x 17 EDGX SPREAD / OPENING Vol=5000, Delta=8.5%, Impact=42k/$2.42m, Vega=$18k LUV=57.24, OI=1 Earnings 4/26 Before Open (est)
>> 5000 LUV May 62.5 Calls $0.90 ASKSIDE BOX 10:57:06.475 IV=28.6% +0.9 AMEX 157 x $0.8 – $0.9 x 30 GEMX SPREAD / OPENING Vol=5043, Delta=25%, Impact=123k/$7.03m, Vega=$36k LUV=57.24, OI=29 Earnings 4/26 Before Open (est)
- fuzzballl 9:26 am on Wednesday, March 21, 2018
  
  Thanks!
hcgdavis 7:45 pm on Wednesday, March 21, 2018

I will say on LUV the CEO apparently was an ex oil trader. From what I understand he is really good at hedging oil prices and is why they could keep fares low back when oil hit 124 a barrel. With oil headed up may be a better play than AAL, DAL, or UAL.

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