Boeing Offering Possible 6.84% Return Over the Next 11 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 6.84% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $9.36 would be incurred if the stock dropped below the $120.00 long put 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 below 20 which suggests that the stock is in oversold territory.

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

Washington state set to build Boeing 777X
Wed, 06 Nov 2013 01:01:20 GMT
Reuters – Boeing Co is set to build key parts of its newest jet, the 777X, in the Seattle area providing Washington state passes legislation extending financial incentives for the plane maker and Boeing machinists approve a long-term work contract. A provisional agreement between Boeing and its main workers' union paving the way for a deal was announced by Washington Governor Jay Inslee in Olympia on Tuesday, likely ending one of the most keenly awaited decisions in global aerospace. Boeing declined comment. The issue is crucial to the Seattle area, which is increasingly competing with non-unionized workers in southern states where wages are lower.

[$$] Boeing, Union Reach Agreement on 777X
Wed, 06 Nov 2013 00:35:22 GMT
The Wall Street Journal – Boeing and its largest union reached an agreement that would guarantee assembly work for its planned 777X jetliner will be done in Washington state.

Inslee calls special session to keep 777X in Wash.
Wed, 06 Nov 2013 00:26:06 GMT

Inslee calls special session to keep 777X in Wash.
Wed, 06 Nov 2013 00:26:06 GMT
AP – Gov. Jay Inslee on Tuesday called for a special session of the Legislature in hopes of swiftly approving a massive package of bills to appease Boeing Co. Inslee said he wants lawmakers to approve the measures …

Iceland’s Wow Air May Add Larger Jets to Bring U.S. Within Range
Wed, 06 Nov 2013 00:01:00 GMT
Bloomberg – Icelandic carrier Wow Air said it may buy Boeing Co. 757 or Airbus SAS A321 jets to bring more U.S. routes within range of Reykjavik and help rebuild a tourism industry after the country’s financial collapse …

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