Put Options on AL on 12/17/2018

Air Lease Corporation (AL) engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide.

The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. In addition, it provides fleet management services to investors and owners of aircraft portfolios.

As of December 31, 2017, the company owned a fleet of 244 aircraft, including 188 narrowbody jet aircraft and 56 widebody jet aircraft. 

Shares have fallen below all supports as interest rates rise and hurt this company and other leasing companies profits. Lower share prices are expected.

We will be trading January 17th Put options

Last Trade: $33.28

Trading Range: $33.28 - $50.70

Trade Buy 1 January $35.00 Put at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $33.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $35.00 Closing Summary Sold 1 January $35.00 Put at $0.00

Position closed on 1/18/2019 at price of $0.00 with a -100.00% loss in 32 days.

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