From the trading floor of the CME Group, Dan Passarelli of MarketTakerMentoring.com takes a look at the chart of UAL and explains that the stock is kind of waning. UAL is below its moving averages and is coming up to a downwardly sloping trendline which it has reversed off of in the past. Passareli says when a stock is making lows and has limited upside, he would rather buy out right puts rather than trade a spread. Also, the implied volatility is pretty low which means the options are cheap. The trade Passarelli likes is buying the July 47 puts for $2.60, or better, and this will be a relatively short-term trade, maybe a couple of weeks.