U1AL34 trade ideas
Short UALWith the Coronavirus spreading and airlines taking a hit, UAL should fall as hard as BA if not harder, this broke our yearly support of $51.5 but closed above, we could see a bounce to $54.31 before heading lower to $45.5 then $40.5, below $49.5 will be my entry for swings.
OPENING (IRA): UAL APRIL 17TH 70 MONIED COVERED CALL... for a 66.40 debit.
Metrics:
Max Loss: 66.40 (assuming the stock goes to zero)
Max Profit: 3.60
Return on Capital at Max: 5.42%
Break Even/Cost Basis In Shares: 66.40
Notes: Selling nondirectional premium in the margin account, (See Post Below), but looking for a quickee dirtee in the IRA. The natural alternative is to sell the 70 put, paying 3.50, with a resulting cost basis of 66.50.
OPENING: UAL APRIL 17TH 60/87.5 SHORT STRANGLE... for a 1.69 credit.
Notes:
High rank/implied at 100/48. Delta/theta at .34/5.00.
UAL headed to $40Seems like a wild call. But around May-June timeframe I firmly believe United will be around $40, if not sooner.
This covid-19 disease has pretty much stopped air travel. You might think you saw your airport with people in there and other anecdotal stories. But I know many
But I can tell you that business travel has been cut to almost zero. I know this is a once in a generation event for travel, and for the airlines, it may be worse than the financial crisis. Maybe not worse but different. And the numbers have not even shown up in the books as of yet.
I am hoping United bounces closer to $70 this week on false hope... and then I will place a very large short.
Best of luck trading.
UAL (United Airlines Holdings), Time cycled trading!If you look at this time cycles you can see how we can predict the future using the past!
And we don't need to be an oracle to chose the Buy Zone place.
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UALEarnings to be released later today. Expecting some volatility in price today moving into towards the last hour of the day. After Hours market will aid in determining what the outlook for united will be. With weakening indicators there is potential for continuing of the consolidation in the sideways trend,.
UAL: ContinuationSeller have come in strong on daily in a short term down trend which has broken previous demand level, high probability to continue to next demand as highlighted
Short UALBreakOut ,stochastic overbought bearish cross ,RSI what esle is there to say? OH yea Gaps! GL
bear call spread UAL25% ROI UAL at the top of a nice channel, willing to unravel if strength continues or sell a bull put spread on a retracement down
United ShortClean price action testing between the range. We have tested near the top and wicked downwards with 4 bearish candles consecutively. Holding tight risk management in the event of price pushing higher near higher resistance level.
$UAL Trading a breakout in United Airlines. Entry level $88.50 = Target price $97.00 = Stop loss $87
Trading for the breakout on earnings tomorrow.
Stock is in a very tight range and the move should be quite frantic.
Indicators are bullish.
Fundamentals are strong, Fuel costs remain low and passenger demand increase.
Downside is limited.
"Joe's Earning Season Preview" S2 EP01~It's already a quarter since I started this series in July,
and here we are in this another earning season!
Aren't you excited!?
Let's check what we got today: JPM,C,GS,WFC,BLK,JNJ,UNH,UAL.....
UAL - Right On Time - Clear Path Down to the 85-90 RangeIf you saw the previously posted chart and have played it in the last 2 days you should see that the previous post's call for downside after reaching the 95.xx ceiling is playing out to scale.
Ciao
(Its all about the FED, baby!)
BUY $UAL under $95 SELL $UAL over $95.25The chart speaks for itself. It's an inversion of United States broader market index movements (defensive sector rotation). As broader markets trend lower over the next week, UAL will continue a slow path upward and most likely over 95.50 for a moment. But just as the going seems to be good for $UAL, and as everything seems to be nosediving in broader SPY index, suddenly UAL will descend upon the lower ranks of well, lower. Probably 5 points lower, at least.
UAL - Channeling into EarningsOpened a Sep 85 / July 87.50 Diagonal Spread. Will sell before Earnings on July 16th.
$UAL Weekly $UAL building a nice base for the past year. Earnings on July 16, might be the catalyst needed to hit $100+
Short hoping it keeps on doing its deedJust following the channel.. looks like SR is broken and just touched resistance.
Clear pattern for UAL (United Continental) - Short or buy putsWe have one of the most prominent channeling patterns here in UAL. We also have global tensions in the Persian gulf leading to concerns about oil prices going higher. Taken altogether, now is a great time to buy some near the money put options for UAL. Perhaps the July 26 or August 2 87 strike puts.
