My LUV of Country

Hey there Shoppers,

O  say can you see …

The daily chart of Southwest Airlines (Ticker: LUV):

I am seeing a change in trend with a doji and the confirmation of the stock trading higher over the past few days.

LUV has been trending lower since its high of $64.75 on April 14.

But I can see LUV ascending back up to $58 and higher.

I like buying the July 23 54-strike calls outright for $1.55 or better.

These calls are a low-dollar entry and there really isn’t another call worthwhile to sell against it.

I will begin to take my profits in the $2.50 area and exit if the spread trades down to $1.

Thanks for Reading … See You Next Tuesday!

Licia Leslie

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