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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