I opened $UAL 20250228 100.0 PUT$ ,UAL: collect 1.6% premium for these cash secured puts with strike at $100. Contract expires next Fri on 28th Feb. Setting the strike at the $100 support level. Stock seems to take some breather and is slightly weaker than cruise companies of late. I meant comparison between the airlines versus cruises which are travel related. Will try to accumulate of get exercised.
I closed $UAL 20250214 100.0 PUT$ ,UAL: collected full premiums for these cash secured put when they expire worthless on 14th Feb. UAL went as low as $95.98 on 13th Feb before recovering and close at $104.26 therefore averting the scenario where the sold put would be exercised. Overall UAL is down 4.35 for the week and so will observe whether it will continue lower or rebound strongly. Might look to repeat to sell put again this week till I get assigned and cover my shorts.
I opened $UAL 20250214 100.0 PUT$ ,UAL: collect 0.7% premium in this cash secured Put with strike at $100 which is 7% below last close. Contract expires next Fri on 14th Feb. UAL is on phenomenal rise on really good travel numbers and margins of higher revenue per seat. The 2025 forecast is also very strong. Decided to start selling puts to collect some premiums and also finding a chance to closet shorts positions in due time.
I closed $UAL 20241220 92.0 PUT$ ,UAL: collected full premium when these cash secured puts expired worthless on 20th Dec. After 2 days of closing > $100 on 5th and 6th Dec, UAL had traded below $100 since and that might signal a consolidation phase or the high is formed. the strike at $92 was threatened once on 18th Dec before it quickly rebounded higher on subsequent days. Will look to replace a new trade at maybe slightly lower strike. Will decide when market open and check out the premiums.
I opened $UAL 20241220 92.0 PUT$ ,UAL: collect 0.8% premium from this cash secured put with strike at $92 which is 8% lower than end of week close price. Contract will expire in 14 days on 20th Dec. Sold this as part of my short cover if UAL fall further and it it doesn't then it's a hedge to collect a bit of premium while still holding a short position on UAL. UAL breached $100 and peaked at $105 before backing off to $100.28 at close. The UAL rise was a market response to when AAL announced bullish guidance and rose 17% on 5th Dec so it wasn't a direct fundamental improvement on the airline itself but for signs of improvement for the industry in the coming quarters with higher ridership and more prem
I opened $United Continental(UAL)$ ,UAL: short additional shares on UAL as it continue it's march towards $100. Betting against airline stock as negative news can come in many forms. UAL also just formed a topping tail right at key $100 resistance and then close back below. Will observe how the next few trading days form up until next week as this week is Major holiday shortened trading week.
I opened $United Continental(UAL)$ ,UAL: continue to add into my shorts to improve average holding cost for this airline stock. It's back to pre-covid valuation on better business friendly administration. I'm still not convince that will give headwind to the traditional capital intensive and low margin business as airlines.
I opened $United Continental(UAL)$ ,UAL: add additional shorts in UAL as it continue to match higher. Momentum is bullish so reversal might not be at play yet. Continue to add to improve short average cost.
I opened $United Continental(UAL)$ ,UAL: continue selling new shares to accumulate my shorts as it continue to make new highs In recent years. UAL margins and forecast improved so the market is loving it.