Boeing (BA) Offering Possible 66.67% Return Over the Next 17 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $367.50 short call and a strike $372.50 long call offers a potential 66.67% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $367.50 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $3.00 would be incurred if the stock rose above the $372.50 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 56.79 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

Boeing Shares Rise Amid US-China Trade Progress; DoJ Subpoena Reports Cap Gains
Mon, 01 Jul 2019 09:33:00 +0000
shares were indicated higher in pre-market trading Monday as a breakthrough in U.S.-China trade talks offset reports that suggested the U.S. Department of Justice had issued subpoenas as part of their probe into 787 Dreamliner safety issues at its South Carolina production facility. The Seattle Time said the DoJ is seeking records from Boeing linked to the 787's assembly in the ten-year-old South Carolina plant, which a New York Times report from earlier this spring alleged had been “plagued by shoddy production” and “weak oversight”. The New York Times report said Boeing pressured employees into working more quickly to avoid production delays while “at times ignoring issues raised” by those closest to the Dreamliner's assembly, while the Seattle Times piece did not indicate if the fresh subpoenas were linked in any way with ongoing probes into the 737 MAX certification process.

Trade Truce, Oil Prices, Boeing and Kevin Durant – 5 Things You Must Know
Mon, 01 Jul 2019 09:31:00 +0000
U.S. stock futures soared on Monday, setting up the chance for fresh record highs on Wall Street, following a weekend G-20 summit that triggered a re-start in U.S.-China trade talks and a likely agreement on crude production cuts that has oil prices surging past $60 a barrel. President Donald Trump and his Chinese counterpart, Xi Jinping, agreed over the weekend at the summit to resume stalled trade talks between the world's two biggest economies, while simultaneously pledging not to apply fresh tariffs to either country's imports. Trump also said he would loosen restrictions on the shipment of tech equipment to China's Huawei Technologies while China, in turn, agreed to buy an unspecified amount of U.S. agricultural goods.

Need to know: Boeing's next big thing, Kam Chancellor's luxury footwear and food trucks are coming
Sun, 30 Jun 2019 17:14:39 +0000
Business Journal Managing Editor Rob Johnson recaps the week in Seattle business news and looks at the week ahead, including a deep dive into the 777X program and the economy of food trucks.

Southwest Airlines Cancels More Flights as Boeing 737 MAX Woes Continue
Sun, 30 Jun 2019 13:20:00 +0000
A new vulnerability with the Boeing 737 MAX will delay its return until at least October.

The Truth About NASA's Plan to "Privatize the Space Station"
Sun, 30 Jun 2019 10:33:00 +0000
How much would you pay for a month aboard the Interenational Space Station — and will your employer cover the cost?

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