Bought HA May 14 Calls @ .65
Hawaiian Holdings (HA – NYSE) is the holding company whose sole asset is Hawaiian Airlines. With mixed results in this sector, but with HA earnings tonight, I think this is a great spot to speculate. JMHO
This is another stock that had been a market darling for much of the year – before getting hit in the recent pullback.
It has now pulled back about 10% from the highs, and has found support once again at the 50 day moving average. Not only this, but yesterday, there were huge call buyers here as someone scooped up over 5,000 May 14 calls. In a name that only trades 1,600 calls on average per day, this is very strong action, and something worth following.
Again, JMHO