Boeing (BA) Offering Possible 53.85% Return Over the Next 24 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $195.00 short call and a strike $205.00 long call offers a potential 53.85% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $195.00 by expiration. The full premium credit of $3.50 would be kept by the premium seller. The risk of $6.50 would be incurred if the stock rose above the $205.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Boeing is bearish and the probability of a decline 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 60 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

Boeing names new Space Station chief in latest change affecting program
Fri, 19 Jun 2020 21:22:47 +0000
Mulqueen's retirement is the latest management switch-up to touch space station operations, as NASA's space station program manager Kirk Shireman retires Friday to take a job in the private sector. The move comes as the space station, a football field-sized research post 250 miles above the ground, undergoes a shift to commercial operations and as NASA increasingly welcomes companies to stimulate private space tourism.

Dow Jones Drops 200 Points On Renewed Coronavirus Fears After Apple Closes Stores
Fri, 19 Jun 2020 20:27:07 +0000
The Dow Jones Industrial Average today finished lower after Apple's store closures heightened fears of another coronavirus surge.

Congress Seeks to Reform Process for Approving Jets. That’s Not Why Boeing Stock Is Falling.
Fri, 19 Jun 2020 19:02:00 +0000
Congress wants to change how planes, the kind made by Boeing and Airbus, get certified by the Federal Aviation Administration. The law represents some of the fallout out from the 737 MAX saga.

Boeing, Raytheon Technologies Corp. share losses lead Dow's 125-point drop
Fri, 19 Jun 2020 19:01:00 +0000
DOW UPDATE Dragged down by losses for shares of Boeing and Raytheon Technologies Corp., the Dow Jones Industrial Average is falling Friday afternoon. Shares of Boeing (BA) and Raytheon Technologies Corp.

Raytheon Technologies Corp., Boeing share losses contribute to Dow's 210-point fall
Fri, 19 Jun 2020 18:01:00 +0000
DOW UPDATE The Dow Jones Industrial Average is falling Friday afternoon with shares of Raytheon Technologies Corp. and Boeing facing the biggest declines for the blue-chip average. The Dow (DJIA) was most recently trading 210 points (0.

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