Stock broke out of falling wedge on 11/9, following big news with potential clearance of the 737 by the FAA and also a massive order through the US Gov’t with Saudi Arabia for up to 10Bil in F-15 orders. Some “bad” news dropped mid-week about potential FAA setbacks, but it was just a wonderfully executed shakeout. 737’s could be cleared by Wednesday 11/18 and we are already hearing of some airlines picking up the orders that others were dropping. Stock still has a long way to go to recover, but given it already attempted a 212-230 breakout, this one will match that or be even bigger. (249 would be my last target if your were ballsy) Any potential stimulus relief will include airlines and absolutely sky this industry, so keep watch. JETS is a good ETF to watch that mimics BA. Main levels for me are orange lines above. Sitting in 190c for 11/20 and 200c for 11/27 with a 185p hedge for 11/20. Good luck if you play!!
