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Apr 13, 2024 11:43 AM

UAL United Airlines Holdings Options Ahead of Earnings Long

United Airlines Holdings, Inc.NASDAQ

Description

If you haven`t bought UAL before the previous earnings:


Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week,
I would consider purchasing the 43usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached

UAL traded at $51.37 at expiration, and the Calls went up from $1.36 (when I wrote this article) to $8.37 at the close on friday (a lot higher intraday), for about 6.15X gain!
Congrats to those who bought the calls!!
Comments
Alphawarrior6
Do you think we will get a reasonable pull back ?
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