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I continue my bull spree today.
1) Bought 100 shares of UAL at $43/share.
The idea is that coronavirus concerns are overblown today [as usual]. So airline stocks are not going to drop too much.
I plan to sell covered CALL option if/when UAL will grow a bit in the following weeks.
2) Sold 3 UAL PUTs at $43/share strike (2020-12-24 expiration in 3 days) for $1/share premium.
I don't mind to buy a little bit more of UAL.
1) Bought 100 shares of UAL at $43/share.
The idea is that coronavirus concerns are overblown today [as usual]. So airline stocks are not going to drop too much.
I plan to sell covered CALL option if/when UAL will grow a bit in the following weeks.
2) Sold 3 UAL PUTs at $43/share strike (2020-12-24 expiration in 3 days) for $1/share premium.
I don't mind to buy a little bit more of UAL.