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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.