Hello Investors,
We are entering into a very short-term trade in United Airlines (UAL). This is a put butterfly spread with a July 17th expiration. This is a low probability of success trade. Because of that, it has a big reward/risk ratio.
Buy to open: UAL July 17th (monthly) 32.00 strike puts (ratio of 1)
Sell to open: UAL July 17th (monthly) 27.00 strike puts (ratio of 2)
Buy to open: UAL July 17th (monthly) 22.00 strike puts (ratio of 1)
Limit debit: 0.70
Max risk = 0.70; Max reward = 4.30