Glewis54

AA - Strong Long Term Prospects

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NYSE:AA   Alcoa Corporation
As the election euphoria wears off and well-bid stocks regress to trend lines, a pilot position at these levels can show a significant return from 28-38 should prices hold the current channel. The Jan 2022 LEAPS have wide spreads but some shooters, like 30-35 spread might be had dirt cheap. No telling how the overall market will fare over the next year. Still looks incredibly strong (until the moment that it doesn't). I'm going to bid some of these spreads maybe at 0.50 to 0.60. I bought XOM 50-60 spreads when that stock was in the low 30s and they have quadrupled in the recent runup. These markets are absurd so shoot for the stars.

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