Boeing Taking Off?!? ✈️Swing Idea: Boeing NYSE:BA broke out of the Daily descending channel and has consolidated into a flag pattern. Nice volume accumulation during this past week with a strong candle on Friday.
Plan : If SPY turns green this next week I like BA for a swing over $220 with initial PT of $240. Watching 3/19 $240 Calls (3.10/3.25).
I will only look to enter BA if the market looks stronger. BA can be a tricky swing due to its constant news reactions but it reacted positively this past Friday (2/19) with hopeful outlook on easing COVID restrictions. Airbus CEO also called for a "cease-fire" in regards to trans-atlantic trade tariffs on airplane subsidies. If there is + news in regards to the airplane trade tariffs I expect BA to move on that news.
Volume: BA trades with an avg volume of 11.28 million over the last 30 days. Would love to see >15 million volume and a bullish close to signify some momentum coming into BA.
LVN: If we break over $220 I'm going to be watching the LVN at $223-230 to see if we accelerate through the resistance at $227 or fail to break above. Not a bad spot to take some profits if you're in the swings in case BA retraces from $227.
*I am expecting this to be a slower developer unless news is released. So, keep an eye on the news cycle regarding trade, COVID, and airline/travel.
*I am also a long term holder of BA shares
BA
Boeing is getting in an interesting area For me the pattern is about to get completed
Watching the news closely (Both the vaccine & airline "The company news in 60% of the attention when it comes to the airlines news") and paying attention to the chart also will support your your position here
Do your due diligence
#BA Trading plan!Hi friends!
Boeing currently has a strong mirror level of 208.30$
Yesterday the price closed very close to the level,
which is a strong signal that the price will continue to fall.
Today I plan to sell at the breakout of this level.
Be careful, the tool can make a good move and then pay off back.
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BAH - rocketWhen I think of Booz Allen Hamilton, I think of rockets. You think of Booze. That's the difference between you and I... Lay off the Booze and get some calls in BOOZ! This rocket is about to take off!
The 200MA battle. On the daily here we see consistency. Can it do it all over again? Wait for that cross to happen. Be patient. This is the daily chart so once it happens your probability of success is high for the coming weeks. Cheers and good luck on this one!
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OPENING (IRA): BA FEBRUARY 19TH 170 SHORT PUT... for a 1.94 credit.
Notes: Although I've previously shied away from single name in the IRA, I'm starting to target some options highly liquid single name here, since I've already got positions on in all of the exchange-traded funds that are currently productive from a premium-selling standpoint. 30-day implied is at 50.9% and expiry specific at 51.4%. Going with a fairly low delta strike here outside 2 times the expected move that pays at least 1% of the strike price with the knowledge that earnings are in 35 days, so want plenty of room to be wrong.
For smaller accounts, consider a defined risk spread (e.g., the February 19th 170/175 short put vertical paying .52 or the February 19th 170/180, paying 1.12, etc.).
TSLAInside day candle on the weekly.
TSLA reports earnings after close on Wednesday. A 75 point move is priced in.
**TSLA previous earnings (4/29, 7/22, 10/21) gapped up at market open the next day, and sold off. Same day expiration OTM Options Premiums opened losing almost all value. Be aware of this.
Lotto Trade Idea: 900C BID/ASK: 15.75/16.10
775P BID/ASK: 9.10/9.50 can work if you're bearish.
AAPLAAPL had a strong week last week, and was able to close above the 138 level on Friday. AAPL reports earnings after close on Wednesday. A 9 point move is priced in. If AAPL has a positive earnings reaction they can move straight to 150. A negative earnings reaction can move back down to 128.
Lotto Trade Idea: 150C BID/ASK 1.30/1.32
BA AlertLooking back historically on BA's chart we can see a favored pattern the stock likes to move in. We have seen since the beginning of last year 2 large bullish flag formations. We now have been trending in a much tighter and shorter flag since the middle of November. Only recently have we broke out of that flag and are now testing out our 200MA - 1Hr .
Keep eyes on Boeing - a lot of room for a promising recoveryIt took some time for Boeing to break out of its bullish wedge, but the support held well, and we see some more stubborn attempts from buyers to push the price up.
RSI is rising above 50, MACD has crossed over and the histogram is moving slowly towards positive territory. Earnings are after 7 days. so keep that in mind. An impulse above $216 will confirm the continuation of the bullish trend. My long term target is $250.