Unusual Options Activity In UAL Corp (UAUA), Delta (DAL), AMR (AMR) & PGNX Prog

Discussion in 'Wall St. News' started by archon, Apr 24, 2008.

  1. archon



    UAL Corp (UAUA), Delta (DAL) & AMR (AMR)

    The entire airline industry came under pressure Tuesday after UAL Corp. (UAUA) posted a first quarter loss of $4.45 a share, which was $1.04 worse than analyst estimates. The AMEX Airline Index (.XAL) fell 2.90 points to a new low of 20.50.

    In addition to the rising costs of jet fuel, airlines are grappling with increasing regulatory scrutiny, high labor costs, and a weaker macroeconomic environment. Consequently, investors in the sector are back on the defensive and a flurry of options activity accompanied today’s new lows in the airline index...

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