I own a bunch of stocks & some private companies. I challenged one of my buds to FIND ME a stock that is an INDUSTRY LEADER, in a global DUO-POLY, that sells what has increasingly become an essential good (& in the case of military, security, defense, etc.; perhaps essential services as well), that is selling 60% OFF pre-Covid 52wk-highs.
He couldn't do it. Thought he could. Couldn't find another stock like it & spent hours before returning COCA-COLA to me, & recounting what they went through.... They didn't quite have the collapse that BA has had, their product isn't essential (unless you account for its' original 'addictive' additives; but IDK that for sure), & the like.
BUT what remains is a company which had gone through adversity & persevered. I have NO DOUBT Boeing will overcome. What's more, nearly EVERY company has an overcoming story since MOST BUSINESSES FAIL in the first year, 40% fail in years 2-3, & another 35% or so don't make it past 5. BA is over 100 years old. Moreover, they're facing THIS CRISIS as a CENTENARIAN in a young man's game. For all intents & purposes this is about as HIGH TECH as it gets & it looks like BA is going to come out the other end.
Anyway, I'm NOW buying BA at levels. Identifying areas of support & ADDING loose shares. I think that the MM's are moving around options today. And I personally go to loose shares when I see options prices, IV, Theta, etc., get out-of-hand. When the prices come down, I will buy options & that rotation (sometimes a mix) seems to work well for me. But today it's that $180-$180.50 level (just got a strike RN) & then the $177-$178 level if she goes there.
I think prices are being ARTIFICIALLY suppressed today MOSTLY due to option strike avoidance & premium-retention. But I think they telegraphed that. IF the stock lingers down here, I'll buy further OTM options if the price VIOLATES my loose-share accumulation levels. That's what it looks like TODAY & right now....
AND I sure wish POTUS didn't speak this morning! That can't be overlooked. I thought he took the focus OFF the markets, BOEING, etc., but these are the kinds of things you just have to deal with I guess... I was initially worried about the Jobs Report, etc., & THEY CAME OUT BEAUTIFUL, Boeing JUMPS UP right after, Futures UP, everything aligning.... Annnd then POTUS talks & well, here we are! The DOW fell off a cliff! But, it is what it is... GLA
Edit add: Yes this message is NOT just to you! Others PM me & I only have 15 messages so it's a smorgasbord response to PM's, questions, additional commentary, etc..
