Boeing Short Play Be aware - This trade relies highly on the idea that world governments will implement Covid Lockdowns near the end of this year.
If the tide doesn't turn towards lock downs I would be wary of following this set up.
Shorting Boeing On account of impending travel restrictions once more.
Boeing is good because of its close ties to the military-industrial complex, 39% of its revenue is from defense contracts, 32% from commercial airplanes and 29% for services like supply chain logistics, training systems, engineering.
So assuming a lockdown does start again I would think that the defense contracts wouldn’t be enough to keep the price up.
I’d bet on it declining, but that really depends heavily on if we do go back into lockdowns.