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Strategies & Market Trends : Option Trades
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To: zx who wrote (116)12/19/1997 12:46:00 PM
From: scotty  Read Replies (2) of 2341
 
My honest opinion 1.Airlines trade on their own fundamentals,broad market could rally and Airlines could selloff. 2.I based AMR pick on chart formation,my forte is buying puts on toppy market.3Just a hint of lower boardings will give investors an excuse to take profits,the selloff feeds on itself.4.I'm still expecting big player to announce less travel from ASIA,then a waterfall dropoff.
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