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UNITED AIRLINES HOLDINGS INCUNITED AIRLINES HOLDINGS INCUNITED AIRLINES HOLDINGS INC

UNITED AIRLINES HOLDINGS INC

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UAL trade ideas

Profit Taking for UALThe airline sector has been rock solid over the past 2 weeks. With hopes of travel once again starting to open up the price of major airlines saw a considerable boost. I feel that the impulse has exhausted its buying supply and that we will see some selling going on for the first few days of the week next week. Currently the RSI is in oversbought territory, indicating a good time to lock in some profits before we see some potential downside. I think that in the short term we will see UAL revisit the mid 37.50 level. This appears to be a good level of support that has been established since May 14th. If this support falls, I would be looking for entry points around $33.72 (.500 Fib Level) and if we are lucky enough to see it continue down to the .786 fib level at around $24.89 that would be a gift. If the down trend continues past 24.89, I would expect to see a bounce to test the resistance flipped to support (purple line) at around $22.50. I would then expect to see the stock have another strong resurgence and set new local highs. Happy trading.
NASDAQ:UALShort
by xcbickel
$UAL $AAL $DAL $LUV Shortterm ShortsThis mild rally.... will it last? Looking bright to fade. Will trade options on one of these. LUV - 75% IV, 30% IVP. Sizzle - 50% UAL - 110% IV, 33% IVP, Sizzle - 45% DAL - 95% IV, 25% IVP, Sizzle - 50% AAL - 136%IV, 33% IVP, Sizzle - 45% - Makes sense. Says a story for every every option trader out there. The risk of AAL going down is huge. First thing - BACK RATIO SPREAD is not an option in the options strategy Secondly - Tight Credit Spread can give you Great Credits. Third - An DEEP OTM Iron Condor would give tremondous credit. Worth Leggin in it too. Fourth - Diagonal with 4-1 Risk to Reward. Fifth - Calender Risk 1 -2 Risk to Reward. These seem to be the best option here. I will do the one that makes sense tomorrow, provided the entry triggers.
NASDAQ:UALShort
by UDAY_C_Santhakumar
2
Descending Triangle Setup on UALAirline fundamentals are horrible for the rest of 2020, with earnings expected to go DEEP negative (we're talking potential bankruptcy level negative). 50MA and 100MA well below 200MA. Descending triangle pattern offers well defined stop level. Few ways I'm considering to play this position: |Chicken Short| Short 100 shares, buy 25 CALL expiring Sep. 18, 2020 - BP reduced by ~ $1740 - Defined risk, negative theta - initial delta between -35 to -50 (more initial directional risk) - can leg out of call or buyback shares to adjust position |Partially Covered Call| Buy 40 shares @ 24.00, short 26 CALL expiring Sep. 18, 2020 - BP reduced by ~ $1200 - Undefined risk, delta capped at -60, positive theta - initial delta between -12 to -20 (less initial directional risk) - can buy/sell shares and roll call out in time to adjust position With a stop at 26.50 price level, the total risk should be somewhere between $40 - $300 depending on which strategy is used and when the stop triggers. TP aimed around 17.10 price level.
NASDAQ:UALShort
by Derivati_Capital
3