United Airlines (UAL) has struggled since we entered the trade one week ago. Let’s exit now with a small profit rather than risk having to roll out a week.
Current Stock Price: $35.45
Cash in Hand: $0.42
Action: Buy to close the UAL Jul Week Five (7/29) 35 Put for around $0.35, but adjust as needed to close today
Profit: $0.07, or $7 per contract