Is Boeing Doing a Swan Dive?
The company is running on all cylinders. It has more orders than it can handle. Now look at how it is trading on the opening. There seems to be selling pressure on good news. The D.J.I.A. is not doing very much and it's a Thursday at 11:00 a.m. Now a personal thought. Thursday morning are one of the worst time of the week to be looking at Call options that expire on the next day. Period. That said, look at these "in-the-money" Boeing Calls that expire tomorrow. Buying "in-the-money" Calls on a falling stock can be a heart-rendering experience. . Now let's move forward by about forty eight minutes. What do you think could be happening? Charts like this can now start to wander. These could be dangerous options to be in. Now this, an end of day reading. Let me first ask you a question? Do you think Boeing will go up tomorrow? Might it do the impossible and jump up five dollars on the day? What I forgot to mention that the next series of Calls on it higher u...
