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!