Delta Air Lines (DAL) is rallying following United Airlines’ (UAL) earnings announcement. Let’s book profits now, earning a 0.9% return in six days, or 55% annualized.
Current Stock Price: $39.20
Cash in Hand: $0.46
Action: Buy to close the DAL Jan Week Four (1/27) 36.50 Put for around $0.13, but adjust as needed to close today
Profit: $0.33, or $33 per contract