Below is a daily chart of American Airlines Group Inc. (AAL).
Trade: Consider shorting Feb (2/2) $53 naked puts (2.5 DTE) for current mid-point around $.21/share.
Technical Setup: +WRB from selloff to Major Support and r50-MA daily, Time Decay trade for short-term bottom.
Option Strategy: Short Puts (SP).
Stop Loss: $52.98.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.
