Writing UAUA Puts
December 1st, 2009
STO UAUA (UAL Corporation) January $7.50 puts. UAUA jumped back above the 50 day SMA on trendline support. I had an order in this morning at the 6 strike but it didn’t get filled. I sold the 7.50 strike which leaves me the 6 strike in case I need to make any trade adjustments.
All the major airlines are up today. I’ve had several of the airlines in my watchlist and finally went with UAL. I may add some DAL or CAL on a pullback.
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