Boeing Company (BA)

[srains]

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.