Sell Put Option Trade Call on AAL

3 days ago

"Next trade I'm going to make is American Airlines. I've been trading this stock from the very beginning of my career and have seen it go sideways over the last five years. American Airlines has been very consistent, which makes it the perfect candidate for selling puts. Right now, I'm up 28% in American Airlines and I want more, so I'm going to sell a put option with a monthly expiry to double down on my position."

The trader highlights American Airlines (AAL) as a steady, consistent stock that, despite trading sideways, offers a good opportunity to sell puts. With an existing position up 28%, he seeks to double down by selling a monthly put option.

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