Boeing (BA) Offering Possible 47.06% Return Over the Next 16 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $345.00 short call and a strike $350.00 long call offers a potential 47.06% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $345.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock rose above the $350.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Boeing is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Boeing is bearish.

The RSI indicator is at 27.79 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Boeing

UPDATE 1-A year on from Lion Air crash, Indonesians pray, scatter petals for victims
Tue, 29 Oct 2019 09:47:52 +0000
One year after a Lion Air plane crash that killed 189, relatives and friends of victims held prayer vigils and cast flower petals into the Java Sea at the site where the budget carrier's Boeing 737 MAX jet went down beneath the waves. The almost new Boeing Co aircraft had been flying from the Indonesian capital of Jakarta to the town of Pangkal Pinang, on the Bangka-Belitung islands off Sumatra, when it crashed within minutes of take-off. “This cannot be forgotten because it was such a tragic and unbelievable event,” said Epi Samsul Komar, whose 24-year-old son, Muhammad Rafi Andrian, was on the doomed flight, JT610.

Opening Quote: Hurricanes play havoc with BP’s earnings
Tue, 29 Oct 2019 08:47:15 +0000
One thing before we start: Saudi Aramco is planning a November 3 IPO launch. Underlying replacement cost profit — the key earnings metric watched by analysts — was $2.3bn, down from $3.8bn a year earlier. BP blamed a trio of factors: lower prices, seasonal maintenance and weather impacts.

Airlines Care Less About the Environment Than They Lead You to Believe
Tue, 29 Oct 2019 06:30:29 +0000
In a Las Vegas hotel ballroom a couple of months ago, Frontier Airlines CEO Barry Biffle promised to reveal how he had solved a question vexing airlines: How to build an environmentally sustainable business without sacrificing profits. Calling Frontier "America's Greenest Airline," Biffle explained it would buy the newest airplanes, cram them with seats, and […]

Boeing boss to admit ‘mistakes’ before Congress
Tue, 29 Oct 2019 01:57:47 +0000
Boeing’s chief executive will on Tuesday tell the US Senate his company “made mistakes” with the design of the 737 Max aircraft, as he testifies in front of Congress for the first time since two of the …

Boeing CEO to tell Congress: ‘We made mistakes’
Mon, 28 Oct 2019 23:52:00 +0000
On the anniversary of the first of two deadly crashes involving 737 Max jets, Boeing’s CEO will tell Congress that the aircraft company knows it made mistakes and is throwing everything into fixing the plane.

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