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

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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