... 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...
NASDAQ:UAL Possible Scenario: LONG Evidence: Price Action, TP1 ~50$ * 10% Profit This is my idea and could be wrong 100%
It seems all of them getting ready to take off..!
UAL - United airlines has a bullish Inverse head and shoulders pattern on daily chart. Options flow - Over 27,000 June $50 calls traded friday. 6000 $45 April calls traded vs 8 in open interest. More flights starting as more vaccines get to people , you could call this a "re-opening" trade. I own march calls in JETS etf. Cheers!
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If $UAL keeps holding the pattern, we may see $70 sooner than we thought. It's not a trading advice, it's just my opinion. I'm long until $70.
... for a .91 credit. Notes: Here, an addition to my Jan '22 47 covered strangle in UAL to reduce cost basis further, which currently consists of (a) a Jan '22 47 covered call; (b) a February 19th 35 short put; (c) a March 19th 33 short put; and (c) a June 18th 32 short put. Cost basis is currently at 42.75 versus where the underlying is currently trading at...
I believe we still need a bit of patience for AAL to take off. Closed my positions yesterday. Looking to re-enter around 14.5.
HIGHLY LIQUID OPTIONS SINGLE NAME EARNINGS (LISTED CHRONOLOGICALLY IN ORDER OF ANNOUNCEMENT AND SCREENED FOR >50% 30-DAY IMPLIED): HAL (13/61/13.9%),* Tuesday, before market open NFLX (25/50/11.3%), Tuesday, after market close AA (18/69/15.9%), Wednesday, after market close UAL (13/64/14.8%), Wednesday, after market close From a bang for your buck perspective:...
United Airlines seems to be aiming to around 40.5 after breaking down the uptrending tunnels. Watch for a rebound at around 40.5 which can be a great entry. Around 40.5 seems to be a great support zone! Also my AHL indicator shows narrowing highs and lows which can be interpreted as a reversal might occur soon.
Technical Analysis On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside. There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30. I am...
Airline stocks are showing very bullish EW pattern with abc completion. Seeing high growth in coming years..