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Boeing Got Messed Up In It's Earning Report And Looking For Thursday Rebounds

Boeing released quarterly earnings today. The stock got smoked. Now it's three month and one month charts. What was the bad news today? Could this be one of those bad news is actually good news situations? Afterall, Boeing keeps on pumping out more airplanes. The problem is they keep losing big money. That's a big problem. All I know is here is how this one series of Friday Call options are trading at the close of Wednesday's session. To me they are far to expensive. It might take some time to shake off this bad news syndrome. Now this on Thursday morning. Remember the 212.50 Calls we were looking at? They got smoked. Now with one day to go these options have popped up on the radar screen. The 205 Calls when Boeing is at $206.61. Charts like this usually end up going sideways or slightly down for the rest of the day. Here they are again 31 minutes later later. At this point in time charts like could turn around. Might this be an opportunity to consider? Shuld you...
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Is Boeing Going To Jump On The Opening Tomorrow And Will It Be Best To Buy In After The Market Opens And Dips?

The title is somewhat complicated. Here is Boeing's five day chart. It looks kind of ugly.
Remember it had earnings come out mid-week. Now we are in the situation where one series of tomorrow's Calls and one series of tomorrows Put options will be one day options. I am more inclined to wait and consider purchasing it's "next-week-out" Call options near Friday's close hoping for a rebound on Monday morning after this weeks dust has settled. In any event here now are two series of Boeing Calls going into Friday .
Notice that there is next to no volume in the slightly "out-of-the-money" Calls. Boeing's chart once again scares trader's away. One linguering question remains. Was it's earning's report really a bad one? Sometimes fresh eyes a few days after an earning's report can shed some new light on things. The small open interest in the 220 Calls is about two and one half times smaller than the interest in the 222.50 Calls. That's to be expected. Yet why is the interest in it's Calls, in general, so low? One reason is that the trading action is more focused on stocks with good earning reports. Also included into this mix is a look at the 217.50 Puts. If the market's tomorrow open and go sideways or down two dollars these Puts in the $.37 cent range with one day to go might suprise.
Let's see what happens next. Now this at 10:06 a.m. The Puts did suprise.
Now this at 10:14 a.m.
Look at the volume going into next weeks Boeing Call options.
Options traders find security in thinking ahead about better days. Now a late lunch time update. The Puts are now toast.
Boeing is rebounding.
The 220 Calls we looked at back at 10:13 a.m. are rebounding and actually hit a high of $5.10.
Going into the Monday morning trading with next weeks 220 Calls is a good space to be in.

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