I had never really considered United Airlines a great short candidate. After blasting triple digits higher in just three months for no particular reason, I decided to give the stock a shot.
Image Source: Pexels
I had never really considered United Airlines a great short candidate. Airlines are notorious businesses, which is why until recently United Airlines' stock had a P/E ratio of 7, which is an old school, 1982-type fundamental.
Anyway, after blasting triple digits higher in just three months for no particular reason, I decided to give the stock a shot, so I bought puts on it on Thursday.
More By This Author:
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Comments
Log in or sign up to join the conversation.