Boeing (BA) Offering Possible 78.57% Return Over the Next 10 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $342.50 short put and a strike $335.00 long put offers a potential 78.57% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $342.50 by expiration. The full premium credit of $3.30 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $335.00 long put 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 up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is at 33.85 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

Manufacturing Data Flash Warning Sign for U.S. Jobs
Mon, 04 Nov 2019 10:30:00 +0000
Investors shrugged off a weak manufacturing PMI number because the jobs number was good. Investors shouldn’t get complacent, though: The ISM data had some worrisome trends about the U.S. employment situation.

Ryanair First-Half Profit Gains
Mon, 04 Nov 2019 08:24:29 +0000
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Ryanair Holdings Plc called on Europe’s air-safety regulator to speed up work on returning Boeing Co.’s grounded 737 Max to service as the planemaker addresses fixes for the jet after two fatal crashes.The European Union Aviation Safety Agency, known as EASA, is failing to move at the same pace of the U.S. Federal Aviation Administration, which is leading the scrutiny, Ryanair Chief Executive Officer Michael O’Leary said in an interview with Bloomberg TV. The company has 135 orders for the Max.“They’re dragging their heels,” he said Monday. “We set up a Max users’ group here in Europe and we’re looking for an early meeting with EASA, but EASA seems to be trying to avoid that. They need to move with a little more pace.”Boeing has been upgrading software on the Max that was linked to the crashes at Lion Air and Ethiopian Airlines, and has said it expects that the plane will be cleared to fly this year. At the same time, EASA has warned that it may take longer to get the model back into service while it checks through the fixes.O’Leary said that Boeing and the FAA “haven’t been easy to deal with” in recent months but that the manufacturer — who he said he speaks with about once a week — has identified and rectified the issues with the plane. He spoke after Ryanair shares rose 5.7% following higher-than-expected earnings.“We are one of the airlines with a Max simulator here in Europe,” he said. “We’re very confident that this aircraft is safe. The regulators need to work with us as an industry to get this aircraft back flying.”EASA, headed by Executive Director Patrick Ky, didn’t immediately respond to requests for comment before normal office hours.Deliveries SlipRyanair said it now expects to get its first Max jets in March or April rather than January or February, based on the model getting clearance to fly in North American before Christmas.The company was due to take delivery of 58 planes high-capacity variants ahead of the summer 2020 travel season, but now expects to get only about 20, O’Leary said. The total could increase to 30 by the year’s peak period, though only if the aircraft is re-certificated this year, he said.The delivery delays are holding back expansion and causing Ryanair to extend leases and hold off on selling older planes, Chief Financial Officer Neil Sorahan said in an interview. The airline is also moving ahead with plans to close some bases and cut job cuts to make up for the lower than expected capacity growth and absence of fuel efficiencies from the Max.Earnings BoostO’Leary said that’s not necessarily the worst outcome in a European market where a glut of seats has weighed on prices for the past few years.Ryanair posted an 8% gain in fiscal second-quarter net income to 910 million euros ($1 billion) following a revenue boost from selling extras like speedy boarding and reserved seats. It refined its full-year profit guidance to a narrower range as O’Leary said he’s more optimistic about future operating conditions, predicting a lower oil prices and easing of competition.The stock was trading 5.6% higher at 13.09 euros as of 8:21 a.m. in Dublin, where the airline is based.To contact the reporters on this story: Siddharth Philip in London at sphilip3@bloomberg.net;Manus Cranny in London at mcranny@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Christopher Jasper, Tara PatelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

UPDATE 2-Ryanair growth to stall on further Boeing jet delays
Mon, 04 Nov 2019 08:07:16 +0000
Ryanair expects further delay to its Boeing MAX 737 deliveries and may still be without the jets next summer, it said on Monday after half-year results that gave the Irish airline's shares a 7% uplift. The airline reported post-tax profit of 1.15 billion euros ($1.3 billion) for the six months to Sept. 30, its most profitable part of the year, beating a concensus forecast of 1.08 billion euros in a company supplied poll of analysts.

Ryanair says risks ‘rising’ of more delays to Boeing 737 Max deliveries
Mon, 04 Nov 2019 07:52:50 +0000
Ryanair said the risk of further delays to the delivery of new Boeing 737 Max aircraft next year was “rising” and again cut the number of planes it expects to receive as the fallout from two fatal crashes involving the models rumbles on. The Irish carrier said on Monday it expects to receive 20 “game-changer” 737 Max 200 aircraft in time for summer 2020. Boeing subsequently cut production and halted delivery of the aircraft.

StockBeat: Europe Hits 22-Month High on Auto Trade Hopes; Ryanair Soars
Mon, 04 Nov 2019 04:52:00 +0000
By Geoffrey Smith

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