UAUA – Short Position
October 20th, 2009, 10:12 am EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , CLOSED, UAUA
10/20/2009 – ThetaOptions Margin Portfolio – United Airlines Short Position Initialized
United Airlines is up 10% this morning on a mediocre earnings report. The Margin Portfolio will engage in a classic ‘Covered Put’ with 15% upside protection. The stock will need to finish higher than $9.30 on OpEx day before this trade begins to accumulate a loss.
Stock: Short 1000 shares of UAUA @ 8.02
Sell to Open: (10) 9 NOV Puts – $1.30 credit
Note: The shares MUST be sold short before the PUT order is entered. A combo order may be used!
Pages: 1 2
December 17th, 2009 at 9:35 am
Comment on page 1
December 17th, 2009 at 9:35 am
Comment on page 2….it’s all the same