As discussed, UA tagged the $22 mark early this morning as the people who bet short against it were squeezed. Remember those people stuck in it from $22 ? They finally got back to break even and then got rid of it as soon as they could (foolish!). My feelings are that it will drift lower throughout the day near the $21 mark and eventually lift off in the late afternoon to come up somewhere back near that $22 mark. If not today, then over the next few weeks.
Had you purchased options in advance of this momentous occasion then oh, think of the things that you can think.
Thursday, April 27, 2017
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