Caption Management, LLC

Position in UAL — United Airlines Holdings, Inc.

CIK 1706766 OKLAHOMA CITY, OK

Back to UAL Full portfolio

Position in UAL

as of Jun 30, 2026 · filed Aug 14, 2026 Compact

Position Value

$2,719,800

-$3,077,939 QoQ

Shares Held

20,000

-68.2% QoQ

Ownership

0.006%

of shares outstanding

% of Portfolio

0.11%

of 13F equity value

Holder Rank

#308

of 1,063 holders

Holding Since

Mar 2020

15 quarters on record

Voting authority Sole 100% Shared 0% None 0%

Common Shares in UAL Over Time

Shares Held

Position Value (USD)

Derivatives in UAL

reported options exposure · as of Mar 31, 2026

CallValue

$41,431,500

CallShares

450,000

PutValue

$8,746,650

PutShares

95,000

Notional value of option positions as reported on Form 13F. Calls and puts are disclosed separately and do not net against the common-share stake above.

Position in Airlines

Industrials · as of Jun 30, 2026

Caption Management, LLC holds $4,185,359 across 3 Airlines names. UAL ranks #1 (65.0% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	UAL	United Airlines Holdings, Inc. This page	20,000	$2,719,800
2	JBLU	Jetblue Airways Corp	141,802	$812,525
3	LUV	Southwest Airlines Co	12,700	$653,034

All Filings in UAL

Export CSV

26 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-06-30	$2,719,800	20,000	-68.2%	Shares	Sole	2026-08-14
2026-03-31	$5,797,739	62,971	-34.9%	Shares	Sole	2026-05-15
2026-03-31	$8,746,650	95,000	-45.6%	Put	Sole	2026-05-15
2026-03-31	$41,431,500	450,000	+350.0%	Call	Sole	2026-05-15
2025-12-31	$10,824,176	96,800	+10.4%	Shares	Sole	2026-02-17
2025-09-30	$8,463,050	87,700	+115.5%	Shares	Sole	2025-11-14
2025-06-30	$3,240,941	40,700	+126.1%	Shares	Sole	2025-08-14
2024-06-30	$875,880	18,000	+163.9%	Shares	Sole	2024-08-14
2022-12-31	$257,114	6,820	-89.9%	Shares	Sole	2023-02-14
2022-12-31	$6,586,190	174,700	0.0%	Put	Sole	2023-02-14
2022-12-31	$3,770,000	100,000	0.0%	Call	Sole	2023-02-14
2022-09-30	$5,682,991	174,700	-55.5%	Put	Sole	2022-11-14
2022-09-30	$3,253,000	100,000	-57.1%	Call	Sole	2022-11-14
2022-06-30	$13,920,060	393,000	+125.0%	Put	Sole	2022-08-15
2022-06-30	$8,263,486	233,300	+133.3%	Call	Sole	2022-08-15
2022-03-31	$4,636,000	100,000	0.0%	Call	Sole	2022-05-13
2022-03-31	$8,099,092	174,700	0.0%	Put	Sole	2022-05-13
2021-12-31	$4,378,000	100,000	-63.3%	Call	Sole	2022-02-11
2021-12-31	$7,648,366	174,700	+1.9%	Put	Sole	2022-02-11
2021-06-30	$8,967,735	171,500	+168.0%	Put	Sole	2021-08-16
2021-06-30	$3,529,575	67,500	—	Shares	Sole	2021-08-16
2021-06-30	$14,259,483	272,700	+445.4%	Call	Sole	2021-08-16
2020-09-30	$1,737,500	50,000	0.0%	Call	Sole	2020-11-16
2020-06-30	$1,730,500	50,000	-24.9%	Call	Sole	2020-08-14
2020-06-30	$2,215,040	64,000	—	Put	Sole	2020-08-14
2020-03-31	$2,101,230	66,600	—	Call	Sole	2020-05-15
No filing history on record for this holder in this stock.