Novice Trade: Delta Air Lines

The airlines are rallying and option premiums are getting crushed. I am not sure why these names in particular keep seeing option sellers, but they do. No one wants to own calls in these stocks, which is a good thing -- if you want to own calls. And I do, as I can buy the Delta Air Lines (DAL) June 50 calls for less than $0.90, which seems cheap to me.

I think I could easily turn these into $2.00 because if DAL breaks $50, it's probably going to run. These calls have lots of time so I can afford to wait on them....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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