I am long AA and have to agree with your strike price. While I don't play the options game I do hold shares of individual company's. I have just published a report on AA on my website which can be accessed by clicking on the information with this post.
While I feel the issue will move to that area of $17.00 it will then fall sharply short term to be re-accumulated before a long term advance takes place.
Options Trader Friday Update: AXL, PALM, POT, XLF, EMR, AA, BIIB [View article]
While I feel the issue will move to that area of $17.00 it will then fall sharply short term to be re-accumulated before a long term advance takes place.
Richard