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UAL Earnings Anatomy of a Trade

Everyday Trader

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Mike & James walk through Mike's earnings iron fly in UAL, and explain the keys to bringing it from a loser to a winner.

He initially removed risk to the upside with the iron fly, but because he traded small enough, he was able to convert the entire thing to a covered call.

Tune in for a great discussion!

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