UAL trade ideas
Airline stocks in macro bull market.Airline stocks are showing very bullish EW pattern with abc completion.
Seeing high growth in coming years..
UAL Broke Monthly SupportI think it is falling into a range indicated by the yellow support. A break of that support can mean a down hill roll for UAL.
Collecting Premium on UALPre-market the UAL 20NOV20 $40 call shows an Open interest of 2608. The Probability of the option being in the money is only 27.5% and there is also a 72.25% implied volatility included in the price. With a 72.5% chance that this option will expire worthless we can create a simple spread to be able to collect the premium of the option that is around 30 days to expiration.
range boundanother range bound play , id get shares over calls, or wait for any bad covid news and get in on puts ! goodluck <3
THE WEEK AHEAD: UAL, DAL, SLB, WBA EARNINGS; XOP, SLV, QQQEARNINGS:
There are four options highly liquid underlyings that pop up on my screener for next week with 30-day implied of >50%: UAL (23/88/22.6%)* (on Wednesday after market close); DAL (13/74/19.1%) (Tuesday before market open); SLV (18/59/16.4%) (Friday, before market open), and WBA (43/54/12.2%) (Thursday, before market open).
Pictured here is a directionally neutral 29/50 short strangle in the November monthly with the options camped out at the 16 delta, yielding a 2 x expected move break even on the put side and > 2 x expected move on the call. Delta/theta -.41/6.00; paying 1.87 at the mid price as of Friday close (.94 at 50% max).
The DAL November 20th, 16 delta 27/42 short strangle was paying 1.83 at the mid price as of Friday close; delta/theta 1.48/4.39.
SLB is small enough to short straddle, but would go "skinny," as the November only has 2.5 wides to play with. The November 20th 15/17.5 was paying 1.48 as of Friday close, but treating it as a short straddle and taking profit at 25% max (.37) isn't particularly compelling, so would probably pass on the play and deploy buying power elsewhere.
WBA suffers from a similar affliction (2.5 wides out in November), but the 32.5/40 is paying 1.54 there, albeit with break evens greater than the expected move, but not quite 2 x.
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING >10%:
XOP (15/56/14.5%)
SLV (45/51/13.1%)
GDXJ (15/49/12.9%)
EWA (15/42/11.6%)
XLE (27/43/11.2%)
GDX (15/40/10.7%)
XBI (29/43/10.3%)
USO (4/43/10.1%)
BROAD MARKET RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
QQQ (28/33/8.2%)
IWM (25/32/7.6%)
SPY (19/25/5.9%)
EFA (13/20/4.8%)
DIVIDEND PAYERS RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING >10%:
KRE (25/44/11.7%)
EWZ (15/42/11.6%)
XLE (27/43/11.2%)
GENERAL MUSINGS:
I already have a UAL covered call on, so am unlikely to partake in that underlying further here. Moreover, in the IRA/retirement account, I'm already deployed in everything at the top of the heap from an implied volatility standpoint, although I may carry on with my standard weekly 16-delta short put in the broad market instrument with the highest implied volatility, which would be QQQ. Alternatively, I'll do a QQQ 10-percenter (See Post Below) instead, as NDX isn't fantastically liquid, and a November 27th (currently, 48 days until expiry) will be available. To emulate a 50-wide, however, in NDX, I'll have to go 10-wide with 5 contracts or 5 wide with 10, etc. For example, the November 27th 240/245 is paying .50, and I'd have to sell 10 of those to emulate the NDX November 27th 9925/9975, paying 5.04. I would naturally prefer just selling one NDX spread, since it means fewer fees, but if the bid/ask is grotesque, I'll just have to go with QQQ or a RUT 50 wide. (The RUT November 27th 1385/1435 was paying 5.04 at the mid as of Friday close).
* -- The first metric is the implied volatility rank (where implied volatility is currently relative to where it's been over the last 52 weeks); the second, 30-day implied volatility; and the third, what the November at-the-money short straddle is paying as a percentage of stock price.
UAL - After Bullish Engulfing close to breakout from wedgeNASDAQ:UAL
After Bullish Engulfing + hammer candle
rsi 14 have a support line in 40 level
volume is bullish
ABC BullishAre airlines going away?
I sure hope not
I hope the president lives through the flu. He is strong and I think he will be okay. There is a possibility it will drive non-work at home/seclusion/the you can NOT HAVE FUN type stocks back down temporarily because he has the flu. Craziness. But be cautious
And I hope we do not shut down the country and put businesses in bankruptcy or totally run them out of businness when Influenza season hits like it does every year. I hope we do not lock old people up in nursing homes and in their own homes.
Politics have hurt a lot of people this year and I hope it was worth it for whoever orchestrated all of this.
The travel industry has probably been hurt more than any sector
If you are a Covidee (one who is truly scared to death by the fear instilled by our media), put your mask on (or not) and live life again..TRAVEL! Life is too short
Not a recommendation
United Air Lines OutlookJust a reference chart I made to keep track of united airlines price movements. Figured Id share, this is how I see it, feel free to share your opinions.
$UAL airline projectionsHoliday season, many people want to see their family for the last holiday before the world ends lol. Potential long-term play on UAL
United Airlines Elliott Wave Theory Perspective CountDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
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UAL Bollinger SqueezeUAL has been consolidating for some time. After a period of consolidation the bollinger bands start to squeeze closer together near price. Typically this lead to a breakout of the consolidation where prices squeezes outside of the bollingers bands for a breakout. I suspect this will lead to a breakout to the 43-45 area.
The plane has fuelThis is not a trade recommendation, this is my personal opinion and it may be wrong.
Constructive criticism is welcomed!
UPDATE: UAL (IRA) SEPTEMBER 24/30 COVERED STRANGLE ... ... with a cost basis of 55.80.
Notes: As with my CCL trade, updating this setup so that it appears farther up in the queue. A continuation of a monied covered call play. (See Post Below).
UPDATE: UAL (MARGIN) DECEMBER 18TH 21/55 COVERED STRANGLE... with a cost basis of 47.77.
Notes: "Knock. Knock. Knock. Housekeeping!" Another housekeeping post, here, of a broken short strangle on which I was assigned long shares. (See Post Below).
$UAL United Airlines Chart Review
Stock has found support on the rising 50ma.
Possible long above $37.00 above
confluence of Fibonacci resistance
Potential Target $41-$42.
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Getting Bullish on $UAL$UAL had a MACD Bullish cross to go along with an EMA cross of the 20 and 50 day coming off a big green candle the day before. That's enough confluence for me to get long with a long debit
call spread. I even got some positive Theta with this trade at the time the trade was placed.
