Based on its current perch of $82.92, another move of this magnitude would nearly erase its May deficit. In the options pits, traders have been focused on calls. Plus, this ratio ranks 4 percentage points from an annual high, indicating a much healthier-than-usual appetite for calls over puts. UAL's Schaeffer's Volatility Index (SVI) of 27% registers in just the 16th percentile of its annual range. In other words, the stock's short-term options are pricing in relatively modest volatility expectations for the shares.

Source: Forbes May 21, 2019 17:26 UTC