Call Options on JBLU on 12/29/2014

Bullish Cup & Handle on JBLUJetBlue Airways Corporation (JBLU) provides air transportation services in the United States, the Caribbean, and Latin America.

As of December 31, 2013, it operated a fleet of 4 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 EMBRAER 190 aircraft.

The company also served 82 destinations in 25 states, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 15 countries in the Caribbean and Latin America. 

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

 

52-Week Trading Range: $7.61 - $15.79

Last Trade: $15.68

Trade

  • Buy 1 January $15.00 Call at $1.00
  • For a net debit of $1.00

Profit/Loss Analysis

  • Breakeven at $16.00
  • Maximum profit is unbounded
  • Maximum loss is ($100.00) at strike of $15.00

Closing Summary

  • Sold 1 January $15.00 Call at $0.00

Position closed on 1/20/2015 at price of $0.00 with a -100.00% loss in 21 days.

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