Novice Trade: Delta Air Lines

I look at the move today in oil and I wonder why the airlines aren't doing better. The transportation stocks are actually down today. In addition, they have had what amounts to a really rough week. The iShares Transportation Average ETF (IYT) is down six bucks since the beginning of March. I think that is going to have to turn around here, and represents one of the lone weak spots I see right now.

I think I would be a buyer of American Airlines (AAL) or Delta (DAL) as a quick turnaround play. In addition, volatility is super cheap in these names. I like DAL better than AAL as a stock, and thus like owning the DAL March 31 $48 calls for a little over $1; those seem too cheap....8 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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