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[bratby]

Options Play $DAL

Technically, the chart looks phenomenal! From the Dynamic Trend Indicator (available on Alphashark.com or email [e-mail] for link) DAL meets all the criteria for a long or if already long stay with the trend. The multiple time frame analysis confirms positive momentum with price above the wave. Overhead resistance is at 54.74 which $DAL is currently on the path to new highs. Usually when a stock is approaching new highs weak hands will try to short it leading to a breakout on volume to new highs as the shorts will have to cover. Remember, we want to be strong hands as smart traders and not fight the trend!

As of July 7th, 2017, DAL is trading at 54.60 with the expected move for July 8th option expiration is $2.20I can find the expected move by adding the ATM straddle for the week of expiration. Therefore, if I add 54.60 + 2.20 = 56.20 as an upside target for an options play expiring on July 8th expiration.

Get Full Options Trading Idea and Chart HERE >>>>