Short AA/ BUY AA 5/24/24 44 PUTS
Alcoa is up 4 days in a row which is a very long rally for the metals stocks. Today is interesting as we’re seeing some weakness in FCX and other materials stocks as well as topish action in the metal commodities. AA catapulted past 40 on a breakout but rarely do huge resistance levels not get retested.
2 Star Trade last half hour. 3:30-4:00