I bought Dec 27th 280/300/320 for .60 last Friday due to 
BA not acting right - news came that they are halting production. I have been trying to enter long trades but yet news never gets any better - so I decided to switch it up and buy a put fly. The trade was trading at 3.25 this AM - I left my position on. I will cover half if stock closes green tomorrow and possibly enter a short term call fly targeting the 350 area.
Let me know what you think?
-- I strictly place options trades.
BA not acting right - news came that they are halting production. I have been trying to enter long trades but yet news never gets any better - so I decided to switch it up and buy a put fly. The trade was trading at 3.25 this AM - I left my position on. I will cover half if stock closes green tomorrow and possibly enter a short term call fly targeting the 350 area.Let me know what you think?
-- I strictly place options trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.