Boeing (BA) Offering Possible 61.29% Return Over the Next 21 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $382.50 short put and a strike $377.50 long put offers a potential 61.29% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $382.50 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock dropped below the $377.50 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 up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is at 68.62 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

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LATEST NEWS for Boeing

Dow Jones Futures: Dow Giants Stand Out As Trump Trade Fuels Stock Market Rally; Big Chip News Looms
Thu, 26 Sep 2019 03:11:53 +0000
Stock futures: Trump trade talk trumped Trump impeachment news Wednesday as Dow stocks Apple, Nike, Boeing and Microsoft led a market rally. Micron earnings loom, key for semiconductors.

Boeing gets billion-dollar boost as Air New Zealand firms up Dreamliner order (Photos)
Wed, 25 Sep 2019 20:50:25 +0000
Air New Zealand said it can switch out the jets under the deal, which it said came with "significant discounts."

Stock Market Shrugs Off Impeachment Fears, Rises On Bullish China Trade Remarks
Wed, 25 Sep 2019 20:25:07 +0000
With Washington politics again seizing investors' attention, the stock market staged a solid rally Wednesday as bullish trade talk boosted prices late.

Trump's tariffs might make your cheese more expensive
Wed, 25 Sep 2019 19:28:39 +0000
President Trump is threatening America’s love affair with cheese.

U.S. Can Tariff About $8 Billion of EU Goods Over Airbus Aid
Wed, 25 Sep 2019 18:13:48 +0000
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The World Trade Organization will authorize the U.S. to impose tariffs on nearly $8 billion of European goods due to illegal state aid provided to aircraft maker Airbus SE, according to people familiar with the decision, a move that will likely trigger retaliatory measures from the European Union.The U.S. duties, which could hit as soon as October, will target planes and parts as well as luxury products, such as wine and spirits like Dom Perignon and Moet & Chandon — and leather goods under labels such as Givenchy and Louis Vuitton, according to a list published by the U.S. Trade Representative’s office.The people who spoke of the ruling asked not to be identified because the confidential WTO decision isn’t due to be published until Sept. 30.The verdict marks the latest chapter in the WTO’s longest-running dispute and will further test transatlantic relations, which have deteriorated under Trump’s “America First” strategy. And while the scope of this conflict is limited, Washington is separately mulling tariffs on auto imports, which would dramatically increase Europe’s stake in the American trade war.The EU is pursuing a similar case at the WTO over illegal subsidies the U.S. provided to Boeing Co., and has published a preliminary list of U.S. goods — from ketchup to video-game consoles — it will target in a $12 billion plan for retaliatory levies. A decision in that case is expected from the Geneva-based trade organization in the first half of 2020.Boeing Shares RiseBoeing climbed 1.2% to $386.20 in New York, the biggest increase in a week. Airbus advanced 1.8% to 120.96 euros.A spokesperson for the Office of the U.S. Trade Representative didn’t immediately respond to a request for comment. WTO spokesman Keith Rockwell and a spokesperson for Boeing both declined requests from Bloomberg for commentThe WTO award is lower than the Trump administration’s request to impose tariffs on up to $11.2 billion worth of European exports stemming from the nearly 15-year-old dispute. The U.S. hasn’t finalized which goods it will hit, but the preliminary list also includes whiskey, motorcycles, leather handbags, cheese and wine.The proposed list could damage the sustainability of Airbus’ U.S.-based operations — like the A320 manufacturing facility in Mobile, Alabama — because it targets more than $9 billion worth of American-bound exports of European aircraft, helicopters and parts.The U.S. tariffs may also hit products made by Europe’s producers of luxury brands — like LVMH Moet Hennessy Louis Vuitton SE, Christian Dior SE and Hermes International.New ApproachThe new U.S. tariffs mark a significant escalation in tensions with the EU, which has implemented retaliatory duties on 2.8 billion euros ($3.2 billion) of U.S. imports following Trump’s trade restrictions on foreign steel and aluminum.The EU has also said it’s prepared to hit 20 billion euros of U.S. goods with tariffs if Trump follows through on the threat to impose duties on European cars and car parts.Separately, the EU is weighing an aggressive new approach to its trade dispute with the U.S., and is considering imposing tariffs on more than $4 billion of U.S. exports, citing as justification a 22-year-old World Trade Organization dispute over prohibited subsidies, according to people familiar with the plan. This is despite the fact that the two sides reached a “mutually acceptable solution” to the claim in 2006.European Trade Commissioner Cecilia Malmstrom said she advocated for a settlement that would avoid the tit-for-tat aircraft tariffs, but said that the U.S. never responded to the bloc’s offers.“Our view is that we have enough tariffs in the world as it is, so imposing tariffs on each other, which strictly speaking we are allowed to do according to the World Trade Organization, would not be a good solution to this,” Malmstrom said Sept. 16.“We have made a quite detailed proposal,” she said. “So far, unfortunately, the U.S. has not said that they are willing to negotiate.”\–With assistance from Geraldine Amiel, Jenny Leonard and Julie Johnsson.To contact the reporters on this story: Bryce Baschuk in Geneva at bbaschuk2@bloomberg.net;Jonathan Stearns in Brussels at jstearns2@bloomberg.net;Shawn Donnan in Washington at sdonnan@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, ;Flavia Krause-Jackson at fjackson@bloomberg.net, ;Brendan Murray at brmurray@bloomberg.net, Richard BravoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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