United Airlines (UAL) reported record quarterly earnings on strong international travel demand and raised its full-year profit outlook. However, since hitting a 52-week high on July 21, shares have struggled and the put we sold has gone into the money. Let’s roll our put out two weeks to buy ourselves some time and generate more…
United Airlines (UAL) is rallying today after delivering a big earnings beat. Despite cancellation troubles in recent weeks, this summer has been a big boon to the travel industry, and airlines are the beneficiaries. United reported record quarterly earnings and forecast a strong third quarter. Let’s take advantage of some of the elevated premium remaining…
United Airlines (UAL) is up more than 5% today following the release of the company’s first-quarter earnings announcement. The airline reported a loss, but management forecasted it would deliver a profit in Q2. We sold our shares on Monday to avoid earnings risk. In hindsight, holding them through the announcement would have resulted in shares…
United Airlines (UAL) is giving up early gains today heading into tomorrow’s earnings announcement. Let’s sell our uncovered shares to avoid earnings risk. I will recommend a put following the announcement to take advantage of elevated premiums post earnings and reduce our net debit on the position. Current Stock Price: $41.91 Cost Basis: $47.57 Action:…
Our United Airlines (UAL) call is on track to expire worthless. With the company scheduled to report earnings on Tuesday, we will either sell shares ahead of the announcement to avoid earnings risk or hedge the position with a protective put. Current Stock Price: $41.81 Cost Basis: $47.57 Action: Watch UAL Apr Week Two (4/14)…
We held off on selling a call on United Airlines (UAL) last week as the stock was running up. It closed the week 7% higher, bringing shares closer to our cost basis. With the stock pulling back today, we have an opportunity to sell a call to generate income and reduce our cost basis on…
Our final Income Madness position is vexing us. The United Airlines (UAL) Mar Week Four (3/24) 49 Put is deep in the money after falling more than 20% since we entered the position. The company surprised the Street when it warned of a first-quarter loss, citing weaker demand and higher fuel costs. The news hit…
United Airlines (UAL) sold off this week after the airline forecast a first-quarter loss, citing weaker demand and higher fuel costs. This obviously came as a surprise to me and the market, as the company’s earnings report is not expected for another month. Our put is deep in the money. Let’s roll it now to…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open United Airlines (UAL) Mar Monthly (3/17) 49 Put for…
I am recommending we book fast profits on our United Airlines (UAL) put, earning an excellent annualized rate of return. Current Stock Price: $50.98 Cash in Hand: $0.38 Action: Buy to close the UAL Mar Week One (3/3) 46 Put Current Option Price: $0.09 – $0.11 Recommended Limit: Set your initial limit order at $0.10…
