After AAL made a double bottom, it rallied to make a higher high and touched the 200 MA. Should've gotten into the rally. Missed it completely.
Anyways, AAL tried twice to breach 200 MA and failed twice.
Now it looks to be heading down to at least 27 or even further.
I'm already in a 31/32 Call Credit Spread @ $0.37 since Oct 30 which is now up 32% i.e. $0.25.
I'm going to take profit when AAL falls touches 27 or 50% of max profit is achieved on the spread i.e. spread is worth $0.18.
Anyways, AAL tried twice to breach 200 MA and failed twice.
Now it looks to be heading down to at least 27 or even further.
I'm already in a 31/32 Call Credit Spread @ $0.37 since Oct 30 which is now up 32% i.e. $0.25.
I'm going to take profit when AAL falls touches 27 or 50% of max profit is achieved on the spread i.e. spread is worth $0.18.