$AA has been absolutely slaughtered! The stock is down 19.60% since it started to turn lower in a big was on July 22nd. AA is at a level of interest here. 12.50 has proven to be an area at which it tends to attract buyers. RSI is at 20.43, a level it has never seen on the 2 year chart. This means one of two things; amazing buying opportunity, or this baby is about to crash to 10.00.
We’re not going to play it here, but we will continue to watch. The last time we went nuts with AA was when we sold a ton of Naked 5 Puts back in March 09, and if it does happen to crash and get back to those levels we will certainly do that again.