Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-US to provide $50B of stimulus to air line industry in order to avoid bankruptcies
-May 02 2020: Warren Buffet sold all air line stocks in portfolio
-Jun 04 2020: Leadership change, dozen officers leaving, reopening flights next month
-Jun 05 2020: Citron short biased tweets
-Aug 05 2020: Senator support for new $25B payroll assistance to Air Lines
Technical Analysis
-SPY pattern: Bull Flag
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 16.31
Review / Lessons Learned
Worthy attempt for the tight risk it provided, B/E cut
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-04 12:04:56 | AAL | sell | $16.290 | short |
| 2020-12-04 12:17:56 | AAL | buy | $16.315 | short |
| 2020-12-04 12:17:56 | AAL | buy | $16.318 | short |
| 2020-12-04 12:17:56 | AAL | buy | $16.320 | 0 |
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