Hello guys,
Its been a long time, but I'm here to share a possible PUT (Short) idea for BA.
I'm looking at the 4HR time frame for this. Looks like this is in the oversold territory. (RSI: 74).
Looking at the chart, the next support seems to be the long term gap fill which is at around $161.
* Price Target: $161
* Stop Loss: Break > $172.27
If you're getting Puts, I'd prefer $165 put expiring in December.
$160 spread is also a good idea to get here. (Expiring December as well.).
Feel free to share your trade ideas in the comments below.
Do your own research before you trade. I'm not a financial advisor. Good luck!