Top Airline Stocks to Watch After Easing of Flight Restrictions
VIX Traffic Light
After yesterday’s flash of green, we’re back to a yellow VIX traffic light today.
Now, the VIX is still expected to move wildly. Remember, when the light is yellow, that means the VIX is in flux, and it could jerk in either direction.
The futures may be structured in a contango, but they are not stable. In addition, realized volatility is still high.
From here, we could see the VIX dip lower as the market bounces back – as I type, in fact, the VIX is down 10%. I’m keeping a close eye on volatility this week…
As I always do. You know that volatility is my #1 indicator. And tomorrow, you’ll find out even more…
Volatility Intel Indicator – Live Reveal Tomorrow at Noon
I’ve spent the past several months working on my very own trading system…
One that had my favorite indicator automatically in place on every stock chart in the market.
So, I hired a team of tech professionals and trading experts to build just that. And now, after months of work (and over $100K in fees), the system is out of beta and ready to be shown to the public.
I call it my Asymmetric Trading System… and that “favorite indicator” I talked about? I call that the Volatility Intel Indicator, because it tells me (and now, it can tell YOU) exactly how a stock’s options will be priced…
Allowing us to find the lowest-risk trades for the highest returns.
This is your chance to see my system at work, and ask any questions you have in real time.
To add this event to your calendar,click “Follow calendar” on this page.
Mark’s Watchlist
- Draftkings Inc. (Nasdaq:DKNG)
After news broke yesterday that DKNG made a $20 million bid to buy London-based gaming group Entain, the stock slid lower….
More than 5% lower over the course of the day, in fact. But the selling is over – and now’s the time to buy the dip on this gambling name.
- United States Steel Corp. (NYSE:X)
Like DKNG, materials and mining stocks have been smoked over the last few days. X, in fact, has lost a whopping 15% since Thursday.
But it’s time for a rebound, and you’ll want to get in now to take advantage of the incoming jump. I also like Cameco Corp. (NYSE:CCJ) and Denison Mines Corp. (NYSEAMERICAN:DNN) as similar rebound plays.
- American Airlines Group Inc. (Nasdaq:AAL)
On Monday, the U.S. announced the easing of flight restrictions, claiming that foreigners will be allowed into the country starting in November provided they have vaccination proof and a negative COVID test.
This is huge for airline stocks like AAL, United Airlines Holdings Inc. (Nasdaq:UAL), and Delta Air Lines Inc. (NYSE:DAL). I think we’re looking at a big potential pop in the fourth quarter for these names.
- Apple Inc. (Nasdaq:AAPL)
After spending the past five days on a downslope, AAPL appears to be getting a rebound today. But I don’t trust the jump. I think this blue-chip still looks like it wants to head down to $140, so I’d be wary of making any bullish plays here.
Today’s Impact Money Trade
Yesterday, a trader bought 40,000 Coty Inc. (NYSE:COTY) November $8-$9 call spreads for a debit of $0.47:
Click To Enlarge
This beauty stock has had a bit of a rough go over the past six months, not able to really get off the ground:
But I think it’s got room to go from here. And this is a great, under-$1 play that I’d definitely be interested in piggybacking.
Now, if you’re interested in getting more trade ideas, make sure you tune into tomorrow’s live session with Micah at 12PM ET, right here in the Money Morning LIVE room.
I’m going to show you exactly how I use my Volatility Intel Indicator to find cheap options plays…
And I want you to see it for yourself.
Check it out on the calendar right here. Just click “follow calendar” to make sure you don’t miss it.
I’ll see you then,
Mark Sebastian
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September 22 2021
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