Bearish on UAL
The chart is displaying a textbook bearish symmetrical triangle. I opened a 05/15 27.5 put for $125 took profit at $600. But I am expecting it to decline towards $15-$13 within the next month or so.
No one is traveling, this company his hemorrhaging money daily and they were just hit with a lawsuit by the Unions (which will be retracted in a few weeks, then the stock will go up).
However, Still Bearish.
No one is traveling, this company his hemorrhaging money daily and they were just hit with a lawsuit by the Unions (which will be retracted in a few weeks, then the stock will go up).
However, Still Bearish.
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