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MarketMotion
Oct 18, 2021 1:20 PM

BA - Needs a little bit more time  

Boeing Company (The)NYSE

Description

Continues to struggle and after last weeks candle, it looks like a good short candidate now into the green zone below between $194-$205. I would look to enter some 1-3-month out $210/$215 puts. $232.10 remains a strong resistance but this is likely the last leg down for Boeing and I am not going to miss the move it has into it's major wave 3 so once again, I will be a buyer in that $194-205 zone with 1-2 year out calls.

This descending triangle has an 88pt implied move into the yellow box above with an Apex late next month.
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