Boeing (BA) Offering Possible 69.49% Return Over the Next 37 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $340.00 short call and a strike $350.00 long call offers a potential 69.49% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $340.00 by expiration. The full premium credit of $4.10 would be kept by the premium seller. The risk of $5.90 would be incurred if the stock rose above the $350.00 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 24.99 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

Tui eyes increased Asia focus following airline losses
Tue, 13 Aug 2019 06:52:56 +0000
Tui, the Anglo-German travel company, is looking to increase its focus on emerging markets in Asia and Latin America as it attempts to offset hefty losses in its airline division due to the grounding of Boeing’s 737 Max planes.

TUI says robust business outweighs 737 MAX grounding, upholds outlook
Tue, 13 Aug 2019 06:01:27 +0000
European travel and tourism operator TUI said on Tuesday that robust business outweighed problems with the grounding of Boeing's 737 MAX jets in its third quarter and it upheld its earnings outlook for the full year. TUI stuck to its guidance for underlying earnings before interest, taxes, and amortisation (EBITA) to fall by up to 26% from last year when it was 1.177 billion euros ($1.32 billion). TUI Chief Executive Fritz Joussen cited efficiency drives and cost reductions, but noted uncertainty around Brexit, aviation overcapacity to Spain and delayed bookings in the summer.

Boeing's Earnings Mean a Lot to GE Too
Mon, 12 Aug 2019 21:02:00 +0000
It's not just Boeing that's hoping for an early return to service of the 737 MAX.

Slideshow: See the best-known brands in Kansas
Mon, 12 Aug 2019 17:45:28 +0000
Koch Industries Inc. once again has the best-known brand in Kansas.  That’s according to the sixth annual brand-power survey, released by Wichita-based RSM Marketing Services.  The results were based off an online survey conducted earlier this month in collaboration with the Wichita Consumer Research Center. It asked 1,000 Kansans to name the three brands from the state they thought were the most well-known around the country.  “Over the past six years, we’ve seen Koch Industries go from non-existent on our survey to holding the top spot the last three years,” RSM’s managing partner, Bruce Rowley, says in a press release. Many of the mentions are clearly referring to ‘Koch Industries,’ while others refer to the political activities of the ‘Koch Brothers.’”  Aviation once again had a strong showing, including the continued addition of the Boeing Co. (NYSE: BA), which along with the likes of Pizza Hut, Coleman Co. (both founded in Wichita) and Frito Lay, remain brands still strongly associated with the state despite not being based in Kansas.  Also in aviation were the Cessna and Beechcraft brands of Textron Inc. (NYSE: TXT) division Textron Aviation, along with the first appearance by Spirit AeroSystems Inc. (NYSE: SPR), all of Wichita.  “This year it was exciting to see five brands make their first appearance in the Top 25,” says Mike Snyder, managing partner at RSM.

UPDATE 1-U.S. transportation chief asks new FAA head to review agency in wake of 737 MAX crashes
Mon, 12 Aug 2019 17:43:25 +0000
U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency's performance in the wake of two fatal crashes of Boeing Co's 737 MAX planes since October. Dickson reiterated the position of his predecessor, Dan Elwell, who has been the acting FAA chief since January 2018, that the Boeing 737 MAX “will not fly in commercial service until I am completely satisfied that it is safe to do so.

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