BA - Look to LONG!
DOW had a nasty pullback today as Boeing drags it down. BA had bad news regrading FAA approval and delays with the 777x.
BA formed a cup and handle as well as an inverse head and shoulder with a breakout at the 256.67 level. I like how BA bounced on that 50day SMA and used it as a support. I'm looking to long BA 3 to 4 weeks contract for a possible gap fill to 248 and possible test of the breakout level.
Contract Suggestion:
BA 7/16 255C @ 2.15 (12.7k OI with 6.4 volume today)
BA 7/16 260C @ 1.55 (11.7k OI with 3.6k volume today)
BA formed a cup and handle as well as an inverse head and shoulder with a breakout at the 256.67 level. I like how BA bounced on that 50day SMA and used it as a support. I'm looking to long BA 3 to 4 weeks contract for a possible gap fill to 248 and possible test of the breakout level.
Contract Suggestion:
BA 7/16 255C @ 2.15 (12.7k OI with 6.4 volume today)
BA 7/16 260C @ 1.55 (11.7k OI with 3.6k volume today)
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-Ross Trades
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Twitter: twitter.com/Ross_Trades
-Ross Trades
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