December 11, 2012
Delta Air Lines (DAL)
ACTION: Sell to close the DAL Dec 10 call for $0.70 or more
Dear Fellow Big Money Options Traders,
Delta announced this morning that it is buying a 49% stake in Virgin Atlantic. The stock is up roughly 5% today on this news and we now have a profit in the position. With options expiration a week away and on strength, we recommend closing the position.
Have a good week trading.
Nick Atkeson and Andrew Houghton
Big Money Options