DotcomJack

$BA Earnings Option Play | Watchlist

NYSE:BA   BOEING CO
Techincal Analysis of $BA plus this week's option play.

British Airways finally receives its first Boeing 787-10 months later than planned.


What we are looking for:
  • Retest of the previous channel resistance (blue downtrend)
  • Breakout from $198 ( Bullish Signal)
  • Last but not least, to send BA to the moon ($234), we need to breakout from the fat orange downtrend.

This play is intending for covid to not impact airlines. If covid makes a crazy breakout, we might see trouble for airlines.

The Play:
- BA ripped 14.4% today, which means contracts are worth 200%ish more than they were yesterday. In other words, we will aim to grab BA at the low of what looks to be next week or the week after.

Play 1:
- BA $232.5 call 7/24
This play is sitting up 114% on the day compared to the $230 strike below which is up 198% today. Once BA has a down day these premiums will get cut, giving us a buying opportunity.

DotcomJack | Easy Loot
Do Not Trade This!
Comment: $230 Call 7/24 @ $373

Comments

is today considered a good down day?
+1 Reply
Big money play here, I could make my whole year off this. Reapproval of the MAX and a breakout I see 250+, something big is going to breakout, it's going to happen.
Reply
Waiting for a nice position to go long on BA.
Reply
Looks like way will see $172-$177
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Mlgyoung DotcomJack
@DotcomJack if the Dow passes +150 positive in the next hour I say it holds positive today Ba can hold that 187 mark
Reply
DotcomJack Mlgyoung
@Mlgyoung, Interesting view, love your input!
Reply
If ba is down tomorrow will you enter the July 24th contracts
Reply
DotcomJack Mlgyoung
@Mlgyoung possibly, will update you in a bit.
Reply
DotcomJack Mlgyoung
@Mlgyoung I’m gonna grab one contract at swing low today. Will grab more later if needed
Reply
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