I use etrade and TD, and see all options. Not sure what platform you are using but those are the options that expire tomorrow. With the afternoon selloff, the July 17, $1700 are at $13. If we sell off this afternoon and tomorrow morning, I will jump on them. Same goes for BA. BA is getting beat up with profit takers. I will be looking at the $100 and $105.

BA has no chance of going out of business, the US will save it. I continue to see the maximum downside to BA at $90. Even here the $105 are selling for $7.05 and the $101 selling for $6. I would actually feel pretty safe making any of these trades here but I am a coward so will wait for a bit more so will be looking for a bigger drop, hopefully tomorrow. If oil was not up 17%, we would have gotten most of it today.

Look at the April 17. You need some volatility so thats why I wait for big down days. Right now they are 9.10/9.75.

I like this trade because AMZN is thriving during the pandemic. Next down day I will also look at selling more puts on BA. I do not trade on a daily basis and could go weeks without making a trade. Just fyi

Sorry, just saw this. I did mean 1700. I sold 4 contracts @13 and 4 $15 and closed them out today at $10. I was going to hold longer but we got that nice pop today.

I will do the trade again on next big down day. Could be this afternoon, who knows.

Dude good deal. I will be looking to sell more puts on BA once the market and/if the stock drops more. The other trade I made (today) is to sell APril 17, $1700 Puts on AMZN for $13/Share.

Good luck on your trades

Nice to have a good day.

I anticipate that the market will move lower from current levels at some point, hope I am wrong.

At the very least, today showed that RCEL will recover when the market does. As I said before, I will add on any move down.

My suggestion is to never look back or you will drive yourself crazy. If you would have bought calls and the stock pulled back, you would have been kicking yourself. You made a good trade, made a profit. Well done.

I have been buying on any decent pullback for all of the reasons you state. I believe in this stock. I still expect the market to test its lows and if RCEL pulls back, I will add.

Good day today

Great job. Never a bad idea to take profits, especially in this world. Not saying BA will go down but I do think the market has at least another leg down and will test Dow 18,000. If it were not for the big move in BA, I am not sure if the Dow would have ended green.

Glad it worked out. Good luck with this market

Yes, it was seen as a positive along with shutting down some sites. They are preserving cash.

That is true.

You could take profits on half of the options, keep the other half. Or if you are happy with getting BA at $110, keep the options and if the stock drops below $110, you get the stock.

One final option is to take profits on your $110 and turn around and sell the April 3 $105 that are trading at $9. You only start losing on that trade if boeing falls below $96.

One of the things I pointed out was to sell puts at the strike you would like to get the stock at so it makes the decision of holding easier.

I sold the $93 that expire at the end of the week, I am letting them go to expiration

I dont see anything that is materially different in our approaches other than I have a buy at $4.20 and then 3.80.

I do not have as many shares as most here so my exposure is far less. I think right now I have 7000 shares and I see this as an opportunity to get this great stock at a great price. I also feel we are getting some compression on the price here as the weak (or smart) hands have already gotten out.

Agree. I actually sold a few yesterday before the halt on BA along with PFF. I still think BA is unethical but maybe that will change with the new CEO. Their is not a chance the Trump will let BA fail.

Thanks for the feedback. I agree the market is not done going down. With that said, when the market was down 700 I started selling some Puts on stock that I like. Not Rcel, I just buy stock. My order is still in at 4.20.

Did you say NO?

I hope it works out for you. Specific to BA, the question is, if you look out two years, when the corona virus and oil problems are taken care of, where will BA be. No way it fails, no way. At the very least, we could be looking at $200. I hold no position in BA and think the market in general has a bit lower to go, but I will start buying more things when the dow gets to 17,500. I think we can go as low as 16,000.

I will start positions by selling put options, I think it is the best way to go in this market.

Anyone buying here? I have a small order in at 4.20

Appreciate it. The weird thing is, this was a stock that was $130/Share and now its $1.50/Share. Need to look into it more

Just checking in to see how you are doing on BA

staying focused on the stock. I will say this, based upon my experience, everything will go back to the way it was after the virus and oils has been dealt with. Americans have short memories for trouble. Just the way we are. The next presidential election will not offer any challenges for companies like RCEL now that Bernie will be dropping out.

I do not think the market is done going down but I will continue to buy RCEl and a couple of others on each drop, just a bit here and there. Every crisis seems to be devastating crash of 87, Y2K, 9/11, SARS, swine flu crash of 2008, on and on but I have lived through them all and made it out alive. What I will say is, my experience in previous market crashes taught me that in bad times, cash is good so when things started going south, I moved 75% into cash. It hurt bad at the time (a little over two weeks ago) but now, not so much. I was caught a bit flat footed with my oil stocks, even though they were preferred shares. It hurt to sell for a loss but now I am real happy with what I did. Doing the calculation, once this market recovers, I should be as good or better off then before the crash.

The one thing about our current leader is he wants an up market for reelection and he will work damn hard to get it. One thing Trump could do and maybe should do is but an embargo on Opec and Russian oil. Regardless, he will deal with oil in due time.

Stay safe, this will pass

It hurts but been adding a small bit almost every day.

Agree, added today.

Looks like today BA will be down again, good luck out there. The market still has some downside but lots of stuff is getting cheap.

Hope everything works out for you.

Again, to take a taste here is pretty safe. Sell a contract or two at 115 and a contract or two at 110.

As long as you are holding for the long term and not counting on the div, it seems a pretty safe play.

I think the stock market has further to fall but its getting compressed and if Opec and Russia get a deal done and stop flooding the market, that has to get you 3000 to 4000 on the Dow

See what others on the BA board say.

I would not go all in but selling $105 or even $110, getting the premium and buying the stock if it reaches that price comes down to selling the put at the price of the stock you would be comfortable getting it at.

If you get BA at 105 and it drops to 95, how bothered will you be. On the other hand, if you play it tight and dont get the stock and it moves up to $150++, how pissed will you be.

I ask myself how low do I think BA could go if no bailout, $75, maybe. They will cut the div, regardless and that is not a bad thing. If they get a bailout, how high could it go, at least to $150.

One form of bailout would be zero interest loans and a defense contract to build military jets. If that happens, BA has some good upside, if it happens and in a few months, the 737 max is approved, that will be huge.

BA is not going bankrupt (IMHO), uncle sam will not allow it.

I have been the biggest basher of BA but would not look for much downside from here.

If you liked BA, you could sell some Put options at the strike price you like.

You are correct, you have great deals out there right now. With that said, I do expect BA to discontinue its div BUT, their is no way Trump will allow the company to fail so while a div cut is probable, so is a bailout. I would not short here, that is for sure

I guess I will be buying some at the open, looking at $4.50 premarket

Jugs,

I dont know about the strength/weakness of the dollar having much to do with anything. I follow currencies very closely and the USD has been very stable against the euro as well as the AUD. The correlation I have seen are two, sector and performance. The sectors getting hit hard are transportation and energy and probably others that I dont follow. The other stocks I see getting hit hard are those that had the best performance over the last year. I speculate that people are selling the stocks they made profits on to cover margin calls or to book a profit.

Regardless, RCEL is trading very weak so I understand folks not buying. As the market still has some more selling, I suspect that RCEL will as well but I am a buyer in small amounts. Nothing about this stock has changed and if people liked it before, they should continue to do so, IMO.

My two cents is that we break below 20k on the Dow and as the market goes, stocks will too. I started to nibble a little today. Once oil stabilizes, I will be inclined to start buying more.

Filled at 4.85

Thanks. I now have an order in for 4.90

I will be buying between 5.25 and 5.50.

This is one of the few positions I still hold. I will also continue to buy in the $5's. Nothing about this stock has changed and the price pullback is a result of profit taking on stocks that made money. My holdings are small compared to many on this board.

Will not be shocked to see the dow break below 20K. I do not see any kind of real bounce unless OPEC and Russia decide to stop flooding the market. You have the Coronavirus and the prospect of a democrat as president does not help the market.

Actually got my buy in at $6.15

Great post. I also have a buy in at $6.21.

I have no doubt that I am a bit early but I started buying a SMALL amount today. A few RCEL and some other stuff. We had a similar situation when the swine flu hit, that market pulled back 15% or so and in 6 months it recovered and continued its climb. Here are the questions I ask myself when evaluating the market:

1. Is the selling fear or fact based
2. Specific to oil, how long can it stay at or below $40
3. Where is the market going to be a year or two from now

At this point, the one issue I am watching is who the Democratic nominee with be. If Bernie starts making a comeback, I will reevaluate ALL of my stock positions. Only about 20% of my assets are in the stock market so, regardless of what happens, I can't get hurt too bad. I am a firm believer in real estate investment.

Jugs. FYI, I got my long stay Visa, we move April 15th, tax day.

I kept a couple of hundred shares but will be looking to jump back in at these prices.

My assumption is the simple reason it is down is because it moved up so much that people are now selling to capture profits. I purchased a bit more today at 7.51 and will continue to buy if it drops more. When the market recovers, I see no reason that this will not return to its previous levels.