UAL Potential Breakout - Key LevelsUAL looking solid for the next move up soon.
Key Levels -
Overall Support: 49.74
Potential entry: 54.40
0LIU trade ideas
$UAL Solid Uptrend and PatternsUAL is in the process of repeating its pattern for the fourth time and should give a solid 21% gain to recent resistance of $62 over the next two months or so. Once it breaks through $62, I would expect the next resistance level to be $70, back from 2015 and 2018 highs. It's also a nice round number that people would want to take profits at.
Rolling (IRA): UAL June 42 Short Put to September 41... for a 1.09 credit.
Notes: A continuation of my UAL covered strangle. (See Post Below). Now that earnings are in the rear view mirror, rolling out to reduce cost basis further (now at 41.32) while simultaneously reducing risk a little bit since the September 16 delta is a little more away from current price. A little bit longer in duration than I'd like to go, but there's no July to roll to.
$UAL with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $UAL after a Negative Under reaction following its earnings release placing the stock in drift D
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Rolling (IRA): UAL June 16th 32 Short Put to the June 16th 42... for a .64 credit.
Notes: A continuation of my UAL covered strangle which consists of a (now) monied Jan '22 47 covered call and a short put. Price has ripped through my short call strike (which is fine; it's got plenty of time to go, so just going to leave it alone, let the extrinsic piss out on the call side). Reducing cost basis a smidge further by rolling up the June 32 to the 42 for a credit. Cost basis of 42.41, so a current max profit potential of the short call strike (47) minus the cost basis of 42.41 or 4.59. Earnings are in 44 days, but am going to go ahead and "play through" ... .
UAL One of The Stronger Airlines, Watch for 56 Retest SoonUAL one of the better Airline plays. Had a great run up to the 56.00 mark before taking a breather. On watch for a retest of 56 if the vaccine rollout continues to pick up steam. Don't forget the spring break catalyst and some states fully opening up and easing mask restrictions.
UALShares of United Airlines Holdings Inc. UAL, +2.56% rose 1.20% to $53.31 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -1.31% rising 2.38% to 3,901.82 and the Dow Jones Industrial Average DJIA, -0.39% rising 1.95% to 31,535.51. This was the stock's second consecutive day of gains. United Airlines Holdings Inc. closed $10.22 short of its 52-week high ($63.53), which the company reached on March 3rd.
The stock outperformed some of its competitors Monday, as Southwest Airlines Co. LUV, +0.02% fell 0.12% to $58.06, Delta Air Lines Inc. DAL, +0.25% rose 0.25% to $48.06, and American Airlines Group Inc. AAL, +3.40% rose 1.15% to $21.18. Trading volume (19.4 M) eclipsed its 50-day average volume of 14.7 M.
United Airlines Lines GroupUnited Airlines Mission Statement
Our approach is treating diversity and inclusion like a core leadership competency, taking diversity well beyond compliance. The goal is for leaders to create a culture where acceptance and appreciation of everyone is the norm and each employee is comfortable bringing their full selves to work. Our mission is to create an inclusive work environment, characterized by dignity and respect, that empowers every employee to serve the global marketplace and contribute to our success.
United Airlines Vision Statement
Through our Diversity and Inclusion strategy, we find innovative and effective solutions to engage employees from diverse backgrounds and cultures in taking our flyer-friendly service around the globe. We are driving to become recognized as an airline where: leaders embrace diversity and inclusion as a business advantage employees feel highly valued, are actively engaged and are treated with dignity and respect customers value our inclusive approach to delivering flyer-friendly service
I expect price to hit $64.98!
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My name is Ski Mask and I've been making bad decisions all my life
