fuzzballl 11:36 am on Friday, January 17, 2020
Tags: ShortPuts ( 4,763 )

BA

#ShortPuts – Losing my enthusiasm for this one. If 320 doesn’t hold there’s not much under it to stop it. Taking a small gain and waiting for earnings now.

Bought to Close BA JAN 24 2020 322.5 Put @ 2.90 (sold for 3.10)

jsd501 11:39 am on Friday, January 17, 2020

If they ever solve their MAX problem without too much damage to the balance sheet, I would love to own this company.
- fuzzballl 11:47 am on Friday, January 17, 2020
  
  Ideally we get a bunch of bad news and buy the implosion. I’d much rather get it at 220 vs 320.
Sammy 11:44 am on Friday, January 17, 2020

My one long dated option is the 18 Dec 20 340 call.
I bought it a few weeks ago believing that the MAX would be flying by autumn. (with me NOT in the left seat)

I agree 320 is support for BA, and if it falls below that; it will be painful.
- fuzzballl 11:48 am on Friday, January 17, 2020
  
  Could always sell some calls against it. Maybe get it paid for and have a freebie.
- fuzzballl 11:52 am on Friday, January 17, 2020
  
  Is it some sort of signal from the trading spirits that “320” (or 319 and 321) is support for Boeing? LOL!
  - Sammy 11:58 am on Friday, January 17, 2020
    
    Or…
    
    My BA position has a delta 777, gamma 767, vega 757 and theta 727!
    And; if it fails to climb above 370, it will feel like chapter 11 again!
    
    No wonder I’m confused
    - fuzzballl 12:05 pm on Friday, January 17, 2020
      
      🙂 🙂 🙂
jsd501 11:54 am on Friday, January 17, 2020

That is a really ugly chart and if it breaks below 300 there will be a lot of sad stock holders.
rknight52 12:09 pm on Friday, January 17, 2020

Had a 315/320 BuPS , Jan 17, that STO a month ago for 1.01, but closed it earlier today for 0.10 when the price started getting squirly. I decided not to wait for the end of the day as it looked like it might try to crater past 320.