Trade of the week ending 24 May 2024: Profit +$2982
May 24, 2024
40 days ago sold 57 contracts United Airlines (UAL), $35 PUT at $0.53, expired 24 May. Total premium profit after fees $2982. This was a advanced trade as it was against the trend AND crossed an earnings period which I normally avoid. Due to earning volatility, premium was high at $35 support. Stock gapped up after earnings and trade was very safe.
