Buying On Dips. Boeing

It dipped today.

Why? Well management did a conference call with their bankers. You can reseach for yourself what was said. It was all about production numbers and cash flows, just the usual kind of stuff. It's going to go back up, it's just a matter of when. Some short term traders have invariably bought on the dip and are already out. That's the kind of trader we should all be. It helps to be looking at multiple screens. So now what? The Call options that expire tomorrow are too high of a risk. Do you go with the options that expire the next week out which buys you seven more days of trading life and do you pick a series slightly above the current striking price? Here they are.

Notice they started the trading session with only four open contracts. They are kind of expensive however the stock did drop $7.64 on the day. For now I would just wait and do nothing. There are easier battle to play.