Pulling Premium From UAL Put Options Before Earnings
UAL stock trades at 102.77 with IV at 47.34.
The trade: SELL -1 UAL 2 Jan 26 96.0 PUT Contract @2.77 LMT
US screened 3.13 million passengers on Sunday, a record.
If stock closes above 96 on expiration, keep the premium.
If stock closes below 96, get assigned 100 shares at 96 for a cost basis of 93.23.
Trade stats show win rate of 100.0 from 6 trades, delta at -0.29, theta at -0.11, and max return of 2.88 percent.
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Tiblio Atlas Team
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