UAL trade ideas
$UAL volatility and close inside the descending line i sold at days highs and i bought them back at green line but the close is inside the descending line which is positive from potential up break out after the strong buys at lows!
$UAL higher high -lower low today on uptrend line it is a recovery play that seems at this price levels the decline has just finished.
long
Long | UALNASDAQ:UAL
Possible Scenario: LONG
Evidence: Price Action
TP1: 62$
Call options, Strike 62$, 06/04/21
*This is my idea and could be wrong 100%
Rolling (IRA): UAL September 17th 41 Short Put to the 48... for an .81/contract credit.
Comments: A continuation of my covered strangle, consisting of January '22 47 covered calls plus the short puts. It's taken off quite rapidly here, so rolled the short put up today to reduce cost basis further. Cost basis at 41.32 (See Post Below) minus .81 or 40.51. This will make this a nice winner assuming the short put approaches worthless, and it stays above 47 running into January expiry.
UAL speculation. Possible sudden increase in price.I think this is just a matter of time before the price comes back to the state before COVID.
I tried to describe everything in the graph.
Enjoy reading.
UAL Up Move (Monthly Time Frame)Expect maybe a deeper pullback, however, overall move is to the upside. I will personally take some of my position around the $75 dollars and remove my final position at the $92 dollar point. This will take some time (long term trade). Happy Trading everyone !
UAL LONG OPPORTUNITYBreak out of parallel channel, and wedge formation. To complete fibonacci targets.
UAL Potential Breakout - Key LevelsUAL looking solid for the next move up soon.
Key Levels -
Overall Support: 49.74
Potential entry: 54.40
UAL Round DownUAL has reached the top of its consolidation range and has bounced lower off it. Its beneath its moving averages and looking to trend down rounding down to the bottom of the channel to the 50 level.
$UAL Solid Uptrend and PatternsUAL is in the process of repeating its pattern for the fourth time and should give a solid 21% gain to recent resistance of $62 over the next two months or so. Once it breaks through $62, I would expect the next resistance level to be $70, back from 2015 and 2018 highs. It's also a nice round number that people would want to take profits at.
Rolling (IRA): UAL June 42 Short Put to September 41... for a 1.09 credit.
Notes: A continuation of my UAL covered strangle. (See Post Below). Now that earnings are in the rear view mirror, rolling out to reduce cost basis further (now at 41.32) while simultaneously reducing risk a little bit since the September 16 delta is a little more away from current price. A little bit longer in duration than I'd like to go, but there's no July to roll to.
$UAL with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $UAL after a Negative Under reaction following its earnings release placing the stock in drift D
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airlines are flying ! get it ? ;)top trendline broke and is now acting as support, we see this pattern everywhere! extremely bullish one.. congrats to longs. bear season is over :( spy 420 coming soon. UAL should hit 68 in then ear future! diamond hands!
Rolling (IRA): UAL June 16th 32 Short Put to the June 16th 42... for a .64 credit.
Notes: A continuation of my UAL covered strangle which consists of a (now) monied Jan '22 47 covered call and a short put. Price has ripped through my short call strike (which is fine; it's got plenty of time to go, so just going to leave it alone, let the extrinsic piss out on the call side). Reducing cost basis a smidge further by rolling up the June 32 to the 42 for a credit. Cost basis of 42.41, so a current max profit potential of the short call strike (47) minus the cost basis of 42.41 or 4.59. Earnings are in 44 days, but am going to go ahead and "play through" ... .
