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Time To Buy United Puts (UAUA, DAL, LUV)
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Posted on 02/09/10 at 1:21pm by Swing Trader
Shares of United Airlines (NASDAQ: UAUA) are up more than 15% on the day to $15.15. This sharp move higher comes after the company announced better air traffic in January at the close of trading yesterday. However, given today's recent strength, I am buying put options in United as I believe it may be in for a significant pullback.
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