7/5/23
Jetblue is up 3 days in a row and breaking out to new highs as traders late to the travel trade, capitulate. Interesting day for this to happen as Saudi once again lays out higher oil plans which is of course bearish for airlines, and Oil is up 3% today. A continuation trade in oil should see some swift profit taking. 1 STAR TRADE LAST HALF HOUR
Ticker: JBLU
If you’re trading the option:
Short Stock
Ticker: JBLU
Expiration: 7/21/2023
Strike Price:10 Put Option