Boeing (BA) Offering Possible 68.07% Return Over the Next 34 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $185.00 short call and a strike $195.00 long call offers a potential 68.07% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $185.00 by expiration. The full premium credit of $4.05 would be kept by the premium seller. The risk of $5.95 would be incurred if the stock rose above the $195.00 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 51.94 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

British Airways retires entire 747 fleet after travel downturn
Fri, 17 Jul 2020 08:28:13 +0000
British Airways is permanently grounding its jumbo jets which are nicknamed "the queen of the skies".

End of the jumbo: British Airways retires 747 fleet early on coronavirus woes
Fri, 17 Jul 2020 07:29:36 +0000
British Airways, the world's largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the novel coronavirus pandemic sent air travel into freefall. For over 50-years, Boeing's “Queen of the Skies” has been the world's most easily recognised jetliner with its humped fuselage and four engines, but its days had already been numbered before the pandemic struck earlier this year. “It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect,” BA said in a statement on Thursday.

British Airways retires entire fleet of Boeing's jumbo jets
Fri, 17 Jul 2020 01:20:27 +0000
British Airways, the world's largest operator of Boeing 747, said late Thursday it would retire its entire jumbo jet fleet with immediate effect due to the downturn in travel industry caused by the coronavirus pandemic. Global curbs imposed to stem the spread of the virus led to a turbulence in air travel, placing the future of many airline companies in doubt. “It is unlikely our magnificent ‘queen of the skies' will ever operate commercial services for British Airways again,” the company said in a statement.

Oil Flat as COVID-19 Cases Spike Again in U.S.
Thu, 16 Jul 2020 22:24:26 +0000
By Bryan Wong

US Indexes Close Lower Thursday
Thu, 16 Jul 2020 22:03:28 +0000
S&P; 500 down -0.4% Continue reading…

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