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Boeing Had A Pop On Thursday Morning

Option players like to see it pop of Friday morning. It's 232:00 p.m. on Thursday afternoon and here is how Boeing has traded so far today. Would this be a good time to purchase it's Call options that expire tomorrow? Here are two different series to look at. Here is how the markets are doing at 3:21 p.m. In some ways it looks like these Calls are to late to the party. Now it's five day chart. Now this. If there is a dip on the opening the Puts are what to be watching. Look at these ones. They are kind of a stretch. What do I think? Buy the Puts now and hope for a down day tomorrow. That seems to make more sense. Nervousness on the opening can be expected. I like Boeing options. Let's see what happens. Here is it's five day chart on Thursday with less that 10 minutes to go. Let's see what happens.
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LiveWire

My last blog was about Harley Davidson and what I didn't bring into the conservation was their spin off business which is building electric motorcycles. To be honest these bikes are not getting rave reviews. Two complaints are their crippling range and the possible issue of them being more dangerous to drive because they are so quiet. There is also competion from abroad. Last quarter they built only 63 of them and that experience is part of the company expecting to incur a loss of over $115 million this year. If you do the math each bike built cost them over $200,00.00. A $115 million dollar loss vs a profit of $1.3 billion for Harley Davidison. That loss makes a small dent in the overall big picture and in the process of getting going they used other people's money. Nursing this project to life from a business point of view has merit. Covid didn't help anything. LiveWire has to go slow until the product itself evolves to a level they feel proud to put their name on. Investors know this companies pedigree. See it's chart and read this.
Now go back to the previous blog on Harley Davidson. Put this puzzle together anyway you want. Forcasting of 750 units on the low end is still a three fold increase in production levels from where they are at now. Could they turn to be profitable in the next 1,000 days? Maybe. Yes there are options on LiveWire. Here are the Oct20th/2024 Calls with a striking price of 7.5 and 10 dollars. That's as far out as you can go and no one is trying to play them. The bids and asks are to far apart.
Keep in mind the company will continue to lose money all year. What a muddle. There are easlier games to play.

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