Check out this high-flying stock that I spotted today! Today will be looking at an On Balance Volume chart for FTAI Avi February 2nd, 2024 Momentum Building: FTAI Flying Higher Dear Reader, Check out this high-flying stock that I spotted today! Today we'll be looking at an On Balance Volume chart for FTAI Aviation Ltd. (FTAI). After looking at the chart Iâll show you how I harness the power of options to amplify my profit potential! ðUnlock Chuckâs trading wisdom through our complimentary text alerts! Enroll today to receive expert tips, live event notifications, and exclusive discounts. [Register for free!]( FTAI Aviation Ltd. owns and acquires infrastructure and related equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers. Confirming a Price Uptrend with OBV The FTAI daily price chart below shows that FTAI is in a price uptrend as the current price is above the price FTAI traded at five months ago (circled). The On Balance Volume chart is below the daily chart. We can see from the OBV chart below that the On Balance Volume line for FTAI is sloping up. An up-sloping line indicates that the volume is heavier on up days and buying pressure is exceeding selling pressure. Buying pressure must continue to exceed selling pressure in order to sustain a price uptrend. So, On Balance Volume is a simple indicator to use that confirms the price uptrend and its sustainability. Confirmed âBuyâ Signal for FTAI Since FTAIâs OBV line is sloping up, the most likely future price movement for FTAI is up, making FTAI a good candidate for a stock purchase or a call option purchase. Letâs use the Hughes Optioneering calculator to look at the potential returns for a FTAI call option purchase. When you purchase a call option, there is no limit on the profit potential of the call if the underlying stock continues to move up in price. For this specific call option, the calculator analysis below reveals if FTAI stock increases 5.0% at option expiration to 58.17 (circled), the call option would make 44.6% before commission. If FTAI stock increases 10.0% at option expiration to 60.94 (circled), the call option would make 93.6% before commission and outperform the stock return nearly 10 to 1*. The prices and returns represented below were calculated based on the current stock and option pricing for FTAI on 2/1/2024 before commissions. Gain unlimited access to our cutting-edge Optioneering Calculators that revolutionize your approach to trading. Our expert Optioneering Team has meticulously crafted calculators for six distinct option strategies, empowering you to assess the profit potential of your trades. [Join us today]( and elevate your trading game with the precision of the Optioneering Calculators! Boosting Profit Potential The leverage provided by call options allows you to maximize potential returns on bullish stocks. The Hughes Optioneering Team is here to help you identify profit opportunities just like this one. Have a great weekend and keep an eye on your inbox for our next find! Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Have any questions? Email us at [dailytrade@chuckstod.com]( *Trading incurs risk and some people lose money trading.
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