Don't Sweat This Aerospace Stock Pullback

FTAI has broken through a key level on the charts

Nov 17, 2024 at 9:00 AM

FTAI

Subscribers to Schaeffer's Weekend Trader Alert options recommendation service received this FTAI commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Commercial jet name FTAI Aviation Ltd (NASDAQ:FTAI) just broke above its early-November post-earnings peak and the $150 level to never-before-seen highs. There is plenty of underlying support that could help keep the shares afloat in light of a short-term pullback as well.

For example, though the shares were volatile after earnings, support held at the +200% year-to-date level as well as the 10-week moving average. The latter has helped guide FTAI to this year’s outperformance.

Following a post-earnings volatility crush, the equity’s Schaeffer’s Volatility Index (SVI) of 38% now ranks in the 25th percentile of its annual range. This means options traders are pricing in low volatility expectations at the moment. The stock has tended to outperform these expectations over the past year, per its Schaeffer’s Volatility Scorecard (SVS) of 86.

Our recommended February 21, 2025 call has a leverage ratio of 5.9, and will double on an 18.9% rise in the underlying security.

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