AMR tanking 30% today

[kommutrdog]

Covered calls are not the same as a put. My whole point is why pay .45 for a put with the MAX downside is 2 bucks or so? But yes, some CC action might work out ok but monkeying around with $2 stocks, at least on the short side, is a bit tedious.

Now, as for playing the short side on some idiocy plays like Priceline or Netflix, now you're talkin'. PCLN at $450/share? Gimme a break. WHEN that turd breaks, look out below!

Disclosure: Yes, I'm short PCLN.

 

[Snaab]

So what do the AA pilots think, is BK a possibility? I certainly hope not. I'm sure there are many training event that are created from having a 777 CA retire. Also, is the Company trying to meaningfully come to the table with APA and get a new contract?

Just curious. Hoping AA hires off-the-street pilots sometime in the near future. Good luck.

 

[CitationLover]

Covered calls are not the same as a put. My whole point is why pay .45 for a put with the MAX downside is 2 bucks or so? But yes, some CC action might work out ok but monkeying around with $2 stocks, at least on the short side, is a bit tedious.

Now, as for playing the short side on some idiocy plays like Priceline or Netflix, now you're talkin'. PCLN at $450/share? Gimme a break. WHEN that turd breaks, look out below!

Disclosure: Yes, I'm short PCLN.

Well I'm definitely of the camp that buying a put only is a dumb strategy no matter what but I see your point now.

Agree about PCLN as well. NFLX went from 300 to 115 in two months. The next asset bubble to break is bonds (TLT) IMO.

Returning to amr. The rumor I heard from an AA pilot was that they wanted to SIGN contracts now then declare bankruptcy so they could start the negotiating process all over again.

 

[aa73]

Will we file BK? Don't know, don't care. Not our job to save the company from themselves. Even Wall St is finally facing the fact that this has been one of the worst management teams ever to hit the airlines. Crandall would have NEVER let things get this bad. After the stock fiasco Monday, where was management to defend the company? Nowhere... unavailable... hiding.

Company has come to the union begging for relief. They want us to fly up to 88 hours with pickup to 100 in exchange for.... full trip protection (we currently have only a 64hr line guarantee so if trips fall apart... big pay hit.) Sorry, not gonna cut it! If they want relief, sign our industry leading contract that we have been negotiating for FIVE YEARS and the company has been dragging their feet. Now suddenly they "need relief badly?"

NO CONTRACT, NO RELIEF!

 

[ironspud]

Will we file BK? Don't know, don't care.

Bullsh**