Neutral AAL by Selling June Iron Conder 42/37Put, 48/55Call
AAL rallied in the last few days but the gap down was still not filled. Look like it would go to side way between the previous low and the previous high before the gap down. I will setup a neutral position by selling a June Iron Conder 42/37Put, 48/55Call.
Position:
-1x 42/37 Put Spread
-1x 48/55 Call Spread
Premium: $1.07
PoP: 66%
Profit Target: 50% of the premium.
Profit Areas: $40.92 to $49.08
Position:
-1x 42/37 Put Spread
-1x 48/55 Call Spread
Premium: $1.07
PoP: 66%
Profit Target: 50% of the premium.
Profit Areas: $40.92 to $49.08