Thursday Intraday Alert: DAL & EWW


DAL reverses SHORT below $49.70. If triggered we will be buying the Apr (18th) $50 Put. 

EWW: The April $43 Put was trading at $1.65 at the time of yesterday's post, not at the then indicated $1.35.  I had erroneously copied the price from the Tuesday close to use in the update. Those puts are trading at $1.75 today and are still a good buy. The Apr $42 puts at $1.40 are also a good buy. The expectation from this signal is for EWW to break below $40 before April expiration, so either put has great potential so long as the trade unfolds as indicated.