Bearish sentiment is rising for United Airlines (UAL) ahead of its Q4 2025 earnings release on January 20, 2026, as investors aggressively hedged against potential downside risks.
- On January 17, options trading saw 5,290 put contracts change hands, which is 1.6x the expected volume.
- This heightened activity, focused on January and February 2026 contracts, follows the recent negative industry outlook provided by Delta Air Lines' Q4 results.