Continues to struggle and after last weeks candle, it looks like a good short candidate now into the green zone below between $194-$205. I would look to enter some 1-3-month out $210/$215 puts. $232.10 remains a strong resistance but this is likely the last leg down for Boeing and I am not going to miss the move it has into it's major wave 3 so once again, I will be a buyer in that $194-205 zone with 1-2 year out calls.
This descending triangle has an 88pt implied move into the yellow box above with an Apex late next month.
This descending triangle has an 88pt implied move into the yellow box above with an Apex late next month.