BA-2
+$930 today with 1/1 wins in $BAHi Guys,
I'm staying in $BA for longer, all the way up to $1.90 today and looking for exits along the way with partials etc.
New strategy coming soon, MAYBE!!!
Enjoy,
Enda
Have You Been Buying Boeing? (BA)Overall the trend has been in retracement territory as all indicators continue to shoot red with the compression of dojis starting to pull.
I've been bearish on boeing and I have no interest in creating a long position as of now.
For now... I sold the top.
Wait for confirmation.
BA Move higher??I'm a fairly new technical trader any critique of my charts are appreciated. I've been observing BA for some time now and I believe a breakout to the upside is coming.
BAI WOULD GO SHORT UNDER 173 FOR A MOVE DOWN TO 166. UNDER 166 CAN TRIGGER A BIGGER SELLOFF DOWN TO 155, 147.
AAPLIF AAPL CAN'T RECLAIM THE 372 LEVEL IT CAN FALL TO 365, 355, 350, 344.
I WOULD GO LONG OVER 372, OR GO SHORT IF IT FAILS AT 372.
THE WEEK AHEAD: AMD, BA EARNINGS; GDXJ, XOP, SLV PREMIUM SELLINGEARNINGS:
-- PROBABLY PLAYING:
AMD (38/71/15.4%) announces on Tuesday after market close.
BA (25/71/15.1%) announces Wednesday before market open.
Pictured here is an AMD August 21st delta neutral 60/85 short strangle paying 2.93 as of Friday close.
The BA August 21st 150/210 was paying 7.23 at the mid.
Naturally, strikes may need adjustment running into earnings, depending on how prices move in the early part of the week. If of a defined risk bent, look to sell iron condors with break evens wide of the expected move* and that pay greater than one-third the width of the wings. Examples: AMD August 21st 57.5/62.5/80/85, paying 1.99 (a little more aggressive delta-wise than I would usually go, but you've got 5-wides to deal with on the call side, at least as of the writing of this post); BA August 21st 140/150/200/210, paying 3.30 (but prices showing wide in the off hours).
-- WATCHING FOR POTENTIAL RAMP-UP IN IMPLIED:
EBAY (40/46), Tuesday after market close.
SBXUX (22/28), Tuesday after market close.
QCOM (27/46), Wednesday after market close.
PYPL (43/52), Wednesday after market close.
FB (37/46), Wednesday after market close.
AAPL (24/39), Thursday after market close.
GOOG (36/38), Thursday after market close.
XOP (27/43), Frida before market open.
EXCHANGE-TRADED FUNDS ORDERED BY RANK AND SCREENED FOR 30-DAY IMPLIED >35%/AT-THE-MONEY SHORT STRADDLE (SEPTEMBER) PAYING >10% OF THE STOCK PRICE:
SLV (43/54/14.3%)
XLE (27/42/12.5%)
GDXJ (21/56/16.2%)
EWZ (21/48/13.4%)
GDX (18/43/12.8%)
XOP (14/54/15.8%
GDXJ, XOP, and SLV appear to paying the most relative to stock price.
BROAD MARKET ORDERED BY RANK AND SCREENED FOR AT-THE-MONEY SHORT STRADDLE (SEPTEMBER) PAYING >10% OF THE STOCK PRICE:
IWM, SPY, QQQ, and EFA are all paying <10% of the stock price.
IRA DIVIDEND-PAYERS SCREENED FOR 30-DAY IMPLIED >35%/AT-THE-MONEY SHORT STRADDLE (SEPTEMBER) PAYING >10% OF THE STOCK PRICE:
EWZ (21/48/13.4%)
* -- Expected move is generally 85% of what the short straddle price is paying. For example, the BA July 31st 175 short straddle was paying 13.15 as of Friday close. 85% of that is 11.18, so options are pricing in a +/- $11.18 move through Friday's expiry which would's BA's expected move between 162.58 and 184.94.
