|This Trade Was Closed March 5, 2013|
Closing this trade in US airways today. I don’t like the very low Implied vols I’m seeing in the March calls. Tells me that it will struggle to get above $14. Poor price action compared with ALK and ALGT – probably were better plays than LCC
Original Trade Post:
Airlines are benefitting from lower oil prices, with WTIC oil prices down about 7% during the month of February.
Large buying going on in the March $14 out of the money calls. Bullish options flow, and the stock is technically starting to break out.
- The Ticker: LCC
- The Trade
- Buy to Open Mar 2013 13 Calls at 1.00 or better
- Trade Opened: March 1, 2013
- Trade Closed: March 5, 2013
Chart courtesy Finviz. Click to open larger.
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