United Continental Holdings, Inc. (UAL)

Mon Feb 13, 2017 7:38 pm

United Continental Holdings, Inc. (UAL), $72.60

daily chart
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Trade: Under $71.00, we recommend selling 10 Mar 77.5/82.5 bear call spread (30 DTE) at mid-point credit (current mid-point is $.66/share).
Strategy: Break down from extended topping pattern daily and weekly charts.

Max Gain: Premium received.
ROI: Premium received/($5.00 spread less premium).

Max Loss: Cost basis of $77.50 plus premium received.
Stop Loss: $76.22.

source: mastertrader