BA trade ideas
BA - BEARISH SCENARIOBoeing Co. is heading for a slight price correction before the Q1 earnings report. The company is expected to report satisfying results. The price target is located at the $ 190 resistance level.
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BA Gap Fill SetupBA 65m: Acute analysis potential gap fill to upside contingent on auction acceptance. Positive ER from UAL, expanded partnership with Invictus Games this morning, and ER next week catalysts for participants// 215.55 is a KL to be watched as it is where auction failure has occurred five times YTD// KLs 206.80, 208.77, 208.94, 210.13, 211.50, 212.56, 215.55// Beta 1.43, ATR 5.72, IV: 34.09%// Price at time of publish: 210.65
BA: Week of April 10And officially happy Easter everyone!
Surprise, surprise, probs on BA are bullish for next week. Pretty bullish.
We are in this peseudo pennant so we could see a re-test of 208/207. From there I would look for a bounce.
Unless this just decides to kick off the week with a breakout (which would be typical BA fashion, 0 to 100) and go right for the high targets.
Personally targeting 216.
Not advice!
Safe trades and enjoy the rest of your Easter weekend :-).
Boeing about to take a dive. BABearish Gartley 222 on Boeing. I especially like the fact that there is a high degree of symmetry on the horizontal access, and the pivots at 0.886 level Carney talked about in his Harmonic trading material.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
BA thoughts So, if you follow me on my other post, my weekly puts I sold on BA expired worthless, thankfully.
Nice to be on the opposite end of a horrendous option trade for a change :p.
I did a restrike at 190 for next week put sell, just 2 of them on the bounce off the 194 support.
Probabilities are very bullish on BA for next week. But aside from the probs and the math, the chart is pretty clear imo.
If you look at it, it is forming a pennant type structure. Slowly but surely we should be making our way back up towards 202.
Probabilities for the high targets are 3:4. For the low targets its 1:4.
I have been very risk averse lately with the whipsawing market, but I am going to swing this long next week depending on where we open. BA kind of ruined my last trade I had planned by gapping up at my TP (see my previous post), so if gaps up towards 200, I will just stick with the puts I sold. Otherwise, I am going to be looking to long this towards the top of that flag structure.
We will see the open targets and 99% targets at open on Monday and I will post them here.
Safe trades everyone!
Weekly double bottom on BABA has tested its 200 ema and consolidated on that level prior to falling back to confirm the double bottom formation. The coming months for BA are going to be interesting. An overall price target for BA will be in the 275-278 area. I can see this catapulting past that with a minor retracement. These levels haven't been seen since Mar 2021. I am bullish on BA in the coming months, with a short-term bearish retest of the weekly 50 ema 183.86. The formation is invalidated below the yellow line
BA 190/170 May put vertical spreadTrade thesis
- technical breakout (bearish)
- downward break out of 3 months consolidation zone
- weekly stochastic showing more room to downside
- entry trigger: retest of demand zone and failure to hold above (wicked into the zone and closed below on daily)
Position
- strategy: put vertical
- structure:
long 05/19 190p
short 05/19 170p
- cost: $450
- delta: -19.68
- theta: -2.311
- gamma: 0.54
- vega: 10.15
Targets
- 1st target: $190.50 zone (previous gap fill)
- 2nd target: $173-169 zone
HVN from post covid to present
confluence of .5 retracement level from previous low to recent high
- SL target
technical: weekly close back into consolidation zone
discretionary: price action at key price levels
discretionary: price action when stochastic enters oversold level (below 20)