HomeInvestingOptionsMorning Trade: Delta Airlines (DAL) May Put Spread
Morning Trade: Delta Airlines (DAL) May Put Spread

Delta Airlines (DAL) still has a series of lower lows on the chart and it has not broken that, explains Scott Bauer, CEO of Prosper Trading Academy. He explains his May 20 put spread with a breakeven of $40, which gives him some room to the downside. He points out the steep increases in airfare as a negative for the airlines. Tune in for the details of the trade and his thoughts on Delta and the airlines overall.

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