Sell Alert: Take Profits on American Airlines Puts

AAL is a bit oversold this morning on concern that fuel costs have soared and will remain high. American and all its competitors are restricting seat supply, which keeps pricing high. That is a short-term tactic, not a path to prosperity for the airline industry. With the rally today, let’s take gains on this position as we near expiration in two weeks.

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Jim Rickards’ Countdown to Crisis

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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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