Skip to main content

Market Overview

Steve Sosnick's Boeing Trade

Share:

Interactive Brokers' chief options strategist, Steve Sosnick, spoke on Bloomberg Markets about an options trading strategy in Boeing Co (NYSE: BA).

He thinks the stock is starting to form a topping pattern and he wants to sell the September 320 put and buy the October 320 put for $2.25. To make money with the trade he needs the stock to stay above $320 at the September 21 expiration and then it has to drop below $317.85 at the October expiration.

 

Related Articles (BA)

View Comments and Join the Discussion!

Posted-In: Bloomberg Markets Steve SosnickOptions Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com