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Mixed options sentiment in United Airlines with shares up 7.5%

Mixed options sentiment in United Airlines (UAL), with shares up $7.12, or 7.5%, near $102.16. Options volume running well above average with 89k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.65. Implied volatility (IV30) dropped 1.03 near 56.63,and above the 52wk median, suggesting an expected daily move of $3.64. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: United Airlines (UAL) will report earnings after the close on 2026-04-21.Option markets are pricing in a 50% probability of a move greater than 5.83% or $5.95.

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