Call Options on AAL on 6/17/2020

American Airlines Group Inc. (AAL) operates as a network air carrier.

It provides scheduled air transportation services for passengers and cargo.

As of December 31, 2019, the company operated a mainline fleet of 942 aircraft. It serves 365 destinations in approximately 61 countries, principally from its hubs and gateways in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. 

Shares of this stock have formed a bullish "flag" following the better than expected bookings for the upcoming weeks. Shares have pulled back from top of the flag and we expect shares to move higher.

We will be trading July 2nd Call options

Last Trade: $16.50

Trading Range: $8.25 to $34.99

Trade Buy 1 July $16.50 Call at $1.60 For a net debit of $1.60 Profit/Loss Analysis Breakeven at $18.10 Maximum profit is unbounded Maximum loss is ($160.00) at strike of $16.00 Closing Summary Sold 1 July $16.50 Call at $0.00

Position closed on 7/2/2020 at price of $0.00 with a -100.00% loss in 14 days.

Updates

7/2/2020 9:50:25 AM

AAL  call option closed

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