See our full market conditions analysis here.
While the market is weakening overall, it is oversold and we will play any bounce with swing trades. AA is taking a short term option spread trade today on DAL (Delta). He sold the April 34 and bought the 32 puts for a credit of $.60. He has a return potential of 47% and a 70% chance of making at least some money on the trade. This is an out of the money bull put spread. DAL threw an Oversold Buy signal earlier this week and is in a strong industry group.