Sell Alert: Take a 55% Gain on American Airlines Put Spread

AAL rallied to $26 a few days after our alert, then headed lower rapidly. This past Sunday brought news that American is cutting some of its summer flight schedule in the U.S. due primarily to a shortage of pilots, flight crews and ground support personnel. Let’s take advantage of trouble with AAL’s operations by exiting both legs of this trade today for a nice gain.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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