Trade Of The Day - Boeing Put Options

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:

Share: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Google
  • Furl
  • del.icio.us
  • bodytext
  • Mixx
  • YahooMyWeb
  • NewsVine
  • SphereIt
  • TwitThis
  • Wikio
September 3, 2008 | Filed Under Options 

Comments

One Response to “Trade Of The Day - Boeing Put Options”

  1. Boeing Put Options Trade Up 138% : NAVIVEST STOCKS AND OPTIONS BLOG on September 8th, 2008 7:01 am

    [...] Put Options Trade Up 138% On Wednesday September 3rd on the Navivest blog, we recommended that traders buy the Boeing (BA) September 65 put options. The rational behind the trade was that [...]