Morning Trade: Delta Airlines (DAL) Sell A July Put Spread

Delta Airlines (DAL) is back above the 20-day moving average, says Tim Biggam of Delta Derivatives. He chooses to sell a July 9 $43/$41 Put Spread at $0.35 net credit. The short strike is right at a major support level, he explains. This trade expires before earnings on July 15.

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Morning Trade: Delta Airlines (DAL) Sell A July Put Spread

Delta Airlines (DAL) is back above the 20-day moving average, says Tim Biggam of Delta Derivatives. He chooses to sell a July 9 $43/$41 Put Spread at $0.35 net credit. The short strike is right at a major support level, he explains. This trade expires before earnings on July 15.