Boeing (BA) Offering Possible 64.47% Return Over the Next 9 Calendar Days

This article was originally published on this site

Boeing’s most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $237.50 short put and a strike $232.50 long put offers a potential 64.47% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $237.50 by expiration. The full premium credit of $1.96 would be kept by the premium seller. The risk of $3.04 would be incurred if the stock dropped below the $232.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Boeing is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Boeing

Airline Workers Warn of Dangerous Fumes Onboard
Tue, 08 Aug 2017 07:00:06 +0000
That rank odor on your plane may not be what you think.

2 Unwanted Boeing 747s Will Become the New Air Force Ones
Tue, 08 Aug 2017 01:05:00 +0000
Boeing will sell two “white-tail” 747-8s originally built for Transaero Airlines to the U.S. government. These planes will be retrofitted to serve as the new Air Force One fleet.

Cramer: I Would Own Either of United Tech or Rockwell Collins, Or Both
Mon, 07 Aug 2017 23:01:00 +0000
The growth in aerospace is accelerating.

Competitors SpaceX, Boeing race to launch astronauts next year
Mon, 07 Aug 2017 20:31:24 +0000
The Boeing Co. and SpaceX both are gearing up to send astronauts to space from American soil in 2018 — something that hasn’t happened since 2011. Both companies were tasked by NASA’s Commercial Crew Development program to build manned space capsules that will send astronauts to the International Space Station. Since 2014, Hawthorne, Calif.-based SpaceX has been working to modify its Dragon 2 space capsule, and Chicago-based Boeing Co. (BA) has been building its CST-100 Starliner.

Dow notches 9th straight record close
Mon, 07 Aug 2017 20:13:03 +0000
The Dow Jones industrial average hit intraday and closing records on Monday, adding to last week’s record-setting performance.

Be Sociable, Share!

Related Posts