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 ( 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.
- 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.
- 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!
Bad news for BA