Call Spread on DAL on 9/16/2013

Delta Air Lines (DAL) provides scheduled air transportation for passengers and cargo in the United States and internationally.

Its route network is centered around a system of hub and international gateway airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York - LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.

The company sells its tickets through various distribution channels, including telephone reservations, delta.com, global distribution systems, and online travel agencies. Its also provides aircraft maintenance, repair, and overhaul services for other aviation and airline customers, as well as offers staffing services, professional security and training services, and aviation solutions for third parties; vacation packages; and aircraft charters and aircraft management and programs. As of June 24, 2013, it had a fleet of approximately 700 aircraft.

Shares are in the process of breaking out of a bullish "flag" formation.

52-Week Trading Range:  $8.89 - $23.57

Last Trade: $23.42

Trade Buy 1 October $23.00 Call at $1.22 Sell 1 October $25.00 Call at $0.40 For a net debit of $0.82 Profit/Loss Analysis Breakeven at $23.82 Maximum profit is $118.00 at strike of $25.00 Maximum loss is ($82.00) at strike of $23.00 Closing Summary Sold 1 October $23.00 Call at $1.65 Bought 1 October $25.00 Call at $0.45

Position closed on 9/24/2013 at price of $1.20 with a 46.34% gain in 8 days.

Updates

9/24/2013 12:48:47 PM

We are taking profits on DAL option trade.

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