BA Short

Boeing Company (The)NYSE

Description

⋅ Mar 4, 2020 12:23 AM

Big topping pattern set up - more room to the downside. Note the Gann channels this down move is in.

Defined Risk Call Spread

cr. 4.50

S 285 Calls
B 295 Calls

Target profit 40 - 50 % of credit received

Comment

⋅ Mar 5, 2020 10:09 PM

Down 7.5% - closed - at a 2.97 db
Nice 48 hour winner

Gann