UAL Bearish inclined naked calls 9 Sep expiry

Whats The Plan/Trade/Thought

• Similar hypothesis to July’s UAL trade
  
• I do feel that Airline would be the next sector to move upwards as the airline start coping with the travel surge. I would probably have to be more cautious on this after Sep
  
• Flight delays and cancellations have battered the US industry this year as consumers starved for travel during the pandemic have forked over higher fares and crammed onto aircraft. The disruptions, fueled in part by labor shortages and air traffic control issues, have boosted costs as carriers seek to recover from two years of losses. Now concerns are rising that inflation could quash demand.
  www.bloomberg.com/ne...ined-demand-strength
  
• Both DAL and UAL had lacking earnings which is expected
  
  Risk Mitigation
  
• There is an S&R point at 41.10 and 39.88 (9.51% from entry). These are my alert points where I need to get out because I would probably be wrong
  
  Imagine Yourself Taking The Other Side
  
• The flip side would be markets rising despite the interest rate increases. This is a possibility but I won’t take this stance as it is even more risky given the larger bearishness and uncertainty
  
  Look For New Information
  
• No new information
  
  How Do I Feel Now
  
• I feel confident about this trade, espeically since we have seen 3 days of pull back with solid red candles rejecting the 39.88 S&R line
  
  Trade Specs
  
• Sold 230 Call options @ 0.2
  
• Strike 43
  
• 14.86% to Strike
  
• BP Used: 86,284.50
  
• Max Gain: 4,450
  

Trade closed: target reached:

Yay!