Thursday, July 17, 2008

The Oil and Airline Pair Trade unravels

What better time to Unravel this long standing trade between airlines and Crude Oil then OPEX week, a week characterized by extreme moves with options expiring on Friday.

Crude Oil started the week above $146 a barrel and is now at $130 a barrel. A $16 drop in 3 days. Meanwhile the airline sector has rallied hard the last 3 days in direct relation with the drop in oil prices. AMR is up 70% in the last 3 days alone.


Bluedog on 5:59 PM said...

Airlines have looked great the past two days. Nice, steady trendlines.


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