Trade of the Day: UAL

Takeaway: Keith covered his short position on UAL this afternoon, booking a tidy profit.

Keith covered his short position on UAL at 1:30pm today at $34.38 a share, booking a one percent gain for his efforts.

Keith writes of today’s trade, “Bear scraps. Especially in this stock, I’ll take any gain on the short side I can get. We’re seven for ten shorting it in the last year – one of the toughest stocks (that) we risk manage.”

Trade of the Day: UAL - UAL