Boeing for a Rubberband Snapback to the downside

2018年10月3日

Boeing on the daily chart had a good 4 day run, now its over extended and crossed the upper Bollinger Band. It is extremely overbought as well with over 90 stochastics. You can expect a retracement of 3-5% back to its moving average. A vertical put spread over the next 2 weeks could generate some solid profit.