Let's be honest, United Airlines is well known name throughout the Airline Industry. For decades, they have been well established domestically and foreign. Looking at their balance sheet, a few thing that stood out to me was how astonishing of a COVID hit they've taken. A negative eps of 25.30 is something I would normally run away from without looking back!...
... short call for a 1.37 credit.
Comments: Trying to milk a little more out of this covered call by rolling the short call aspect out a month to November while the implied is >50%. My cost basis in my shares was 46.93 (See Post Below); rolling out the short call reduces that to 45.56 with a max profit potential of the short call strike (48.00) minus my cost...
... for a 1.07 credit.
Comments: I have a September 17th in-the-money 48 short put that I will be assigned on, as I don't see this ripping to 48 by the end of the day. The short call aspect of this spread will cover the stock once I'm assigned, with the buying power attributable to the spread being freed up after assignment of the stock. Because I've...
I like to see ABCD patterns after a double bottom, especially with momentum strengthening.
This move should pan out within a week. If it doesn't, chances are the pattern isn't playing out.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop...
None of the airlines in the charts have any bullish signs!
They all broke their trend lines in the weekly charts and currently they have made consolidation patterns in daily charts!
I am looking for short opportunities in them for the coming week!
thank me later
i have this feeling, i can't explain it to you in words - but i'm going heavy into airline shorts from here.
look for 2022 expiries, give it some time - and one day, you'll wake up and be like "how did elo know"?
UAL recently smacked a support level at around $48 and seems it could possible rebound to the upside. However there is very major catalysts for UAL to further within the coming weeks. Covid is still relentless as always and with the new 'Delta variant' proving to be more adaptive, and dangerous it could potentially impact the already suffering fundamentals of the...
Looks like a little more down and then a reversal back up for a potential double top in UAL later this summer. Potential downside Target ~$52.xx then upside Target ~$63.00. See chart.
No active trades currently.
Not financial advice.