American Airlines Group – AAL

American Airlines

From the About Overview

Overview
Together with regional partner American Eagle, we offer an average of nearly 6,700 flights daily to 350 destinations in 50 countries. We’re a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.

In 2016, American Airlines Group Inc. topped Fortune magazine’s list of best business turnarounds and its stock (NASDAQ: AAL) joined the S&P 500 index.

Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.

2019-06-09

This trade idea came to me om Wednesday 2019-06-06 from a friend of mine that trades options. The setup is a bounce from an oversold position and sell at the 50 day SMA. I placed a limit order for the $30 June 17, 2019 call option for $1.19

I got filled at $1.19 and have 8 days till expiration. The stock has moved in my direction, but time is short

AAL 3 Month Daily from StockCharts 2019-06-09
AAL 3 Month Daily from StockCharts 2019-06-09

2019-06-13

I closed out the position today, because I did not want to be assigned the stock. I ended up selling into a great day for the stock. It had traded up on light volume yesterday and I had till Friday till expiration

I got filled at $2.56 and doubled my money in 1 week

AAL 3 Month Daily from StockCharts 2019-06-13
AAL 3 Month Daily from StockCharts 2019-06-13