Bullish $DAL Trade Idea, 9/20 Expiration

3-OPTION ORDER, DAL TRADE IDEA

[call debit spread]
Sell DAL $42.5 Call 9/20
Buy DAL $41 Call 9/20

-{share price: $40.14}-

[short put]
Sell DAL $40 Put 9/20

~$90 credit to open trade

This is bullish trade that involves selling a put to finance a call debit spread.

@ expiration scenarios:

-Share price $42.50 or greater: $240 profit

-Share price between $40 and $41: $90 profit

-Share price $40 or lower: Assigned to buy 100 shares of DAL and own them at an avg cost of $39.10 per share.
Trend Analysis

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