Replies to post #36263 on American Airlines Group Inc (AAL)

[JLS]

AAL 100% retrace ...

Stick a fork in it. No worries; all the airlines did the same thing.


AAL current Sup/Res level: Really needs to break above SMA 20.


While waiting. I've been selling weekly CCs against AAL. Done that for five weeks straight as of this week. I call that my Pay-Your-Own-Dividend plan.

Those horizontal lines to the right are calculated distributions of Closing prices over the last 13 months. The Fib lines encompass the trading range from the spike higher in early May, a ride higher which the stock didn't deserve (and you can see the result). Don't blame AAL -- all the airlines did it.

I'll guess the stock flattens out here. And I mean flat. So either my Calls get assigned this week or ... I just don't know. I have another stock I'd prefer to trade so I have no idea what to do right now.