Options traders are targeting United Airlines Holdings Inc (NASDAQ:UAL) stock ahead of its third-quarter earnings report, due out after the close on Wednesday, October 15. So far today, UAL has seen 77,000 calls and 23,000 puts cross the tape -- five times the overall options volume it typically sees in an entire session. The weekly 10/10 103-strike call is the most popular by far, with new positions being sold to open there.
At last glance, United Airlines stock was up 1.8% at $98.41, inching into positive territory for 2025. The stock is also extending a bounce off the 80-day moving average and $93 level, the latter of which acted as resistance in July.
Zacks Investment Research anticipates earnings of $2.63 per share -- a 20.7% year-over-year decrease -- on revenue of $15.27 billion, a 2.9% increase from the same quarter last year. The stock finished five of its last eight post-earnings sessions higher, averaging a move of 6.5%, regardless of direction, over those last two years. This time around, the options pits are pricing in a swing of 12.1%.
