12:30pm (EST)
We mentioned this morning Boeing (BA, $74.47, down $2.47) was weighing on the Dow futures as the company continues to have issues with its planes. We were hoping shares would open and do a slow fade but they gapped down $3 at the start of trading.
Support has been super strong at $74 but today’s low has been $73.56. We profiled the February 72.50 puts (BA130216P00072500, $1.37, up $0.70) this morning on our Watch List as we caught the latest setback on Boeing late last night. The put options closed at 67 cents yesterday and are easily up triple-digits. We were hoping to get in them for under 80 cents but obviously we were robbed of that opportunity as the options opened at $1.41 and traded up to $1.74.
The stock is a member of the Dow and the decline has impacted the index by 20 points. If not for Boeing’s debacle, the Dow would be near even.
One stock we haven’t mentioned in awhile is Dendreon (DNDN, $6.77, up $0.30) as shares are up another 5% today. (continued…)
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If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and we had an incredible 2012. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we were 159-70 (70% win rate) for both newsletters in 2012 awith over 30-triple-digit winners. Our 5-year track record from 2008-2012 is now a staggering 621-273 that is also a 70% win rate. We doubt you will find a better options trading service.
This entry was posted
on Wednesday, January 16th, 2013 at 12:35 PM and is filed under Earnings, Hot Stocks, Market Analysis, Market Commentary.
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Boeing (BA) Weighs On Dow/ Dendreon (DNDN) on the Move
12:30pm (EST)
We mentioned this morning Boeing (BA, $74.47, down $2.47) was weighing on the Dow futures as the company continues to have issues with its planes. We were hoping shares would open and do a slow fade but they gapped down $3 at the start of trading.
Support has been super strong at $74 but today’s low has been $73.56. We profiled the February 72.50 puts (BA130216P00072500, $1.37, up $0.70) this morning on our Watch List as we caught the latest setback on Boeing late last night. The put options closed at 67 cents yesterday and are easily up triple-digits. We were hoping to get in them for under 80 cents but obviously we were robbed of that opportunity as the options opened at $1.41 and traded up to $1.74.
The stock is a member of the Dow and the decline has impacted the index by 20 points. If not for Boeing’s debacle, the Dow would be near even.
One stock we haven’t mentioned in awhile is Dendreon (DNDN, $6.77, up $0.30) as shares are up another 5% today. (continued…)
****************************
If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and we had an incredible 2012. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we were 159-70 (70% win rate) for both newsletters in 2012 awith over 30-triple-digit winners. Our 5-year track record from 2008-2012 is now a staggering 621-273 that is also a 70% win rate. We doubt you will find a better options trading service.
This entry was posted on Wednesday, January 16th, 2013 at 12:35 PM and is filed under Earnings, Hot Stocks, Market Analysis, Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.