Trade Of The Day – Boeing Put Options
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/382381928/Posted on Wednesday, September 3rd, 2008 | In Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Boeing’s (BA) International Association of Machinists and Aerospace Workers union will be voting this evening on a labor contract that Boeing (BA) submitted to the union. The contract is Boeing’s “best offer”, but some union leaders are calling for a rejection of the contract. If the union rejects the contract, Boeing’s (BA) stock should lose some ground.
This is a risky trade as we don’t know if the union might reject the contract, but those with some risk capital, should buy the Boeing September 65 puts. The current ask price is $1.30. Enter if you can risk the $780 to $1040 for a minimum of 5 to 8 contracts.
Tags: Boeing
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Boeing, International Association of Machinists and Aerospace W, International Association of Machinists and Aerospace W, Stocks to Watch, USD
 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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