2013-08-07-Free Trade of the Day (UAL)
Free Trade of the Day
Notes: Today, United Continental (UAL) reported that July traffic declined 1.1%, but the load factor rose to 87.2% from 86.6% a year ago. More importantly the passenger revenue per available seat increased by around 4%.
United Continental (UAL) Options Trade Idea
Buy the (UAL) Sep. $35/$37/$39 Call Butterfly for a $0.33 debit or better
(Buying 1 Sep. $35 Call, selling 2 Sep. $37 Calls, and buying 1 Sep. $39 Call, all in one trade)
Stop loss- None
Upside target- $1.00-$1.50
Updates: Dollar General (DG) shares fell another 1.37% today, still not confirming the buy signal highlighted in yesterday’s Free Trade of the Day chart.
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