Techincal Analysis of BA plus this week's option play.
British Airways finally receives its first Boeing 787-10 months later than planned.
What we are looking for:
Retest of the previous channel resistance (blue downtrend)
Breakout from $198 (Bullish Signal)
Last but not least, to send BA to the moon ($234), we need to breakout from the fat orange downtrend.
This play is intending for covid to not impact airlines. If covid makes a crazy breakout, we might see trouble for airlines.
The Play: - BA ripped 14.4% today, which means contracts are worth 200%ish more than they were yesterday. In other words, we will aim to grab BA at the low of what looks to be next week or the week after.
Play 1: - BA $232.5 call 7/24 This play is sitting up 114% on the day compared to the $230 strike below which is up 198% today. Once BA has a down day these premiums will get cut, giving us a buying opportunity.
DotcomJack | Easy Loot Do Not Trade This!
注释
$230 Call 7/24 @ $373
注释
As this wedge comes to an end, we look for a breakout. Looking to grab a play on this later in the week...