On February 18, I recommended picking up the AAL May 50 calls at $3.80 on hopes that oil would sell off again from highs.
Eight days later, we exited half for about 40%.
Today, after watching AAL move higher, I’m recommending that you sell to close the second half to secure the gains.
I’ll look to issue a new recommendation on the stock on pullbacks. I strongly believe AAL could run to $20 a barrel before long. There’s too much supply. And OPEC, investors, and even some politicians reek of desperation.
Ian L. Cooper
Inside Value Trader