Monday, January 07, 2013

Buy BA (sell puts)

Buy BA Boeing via selling Feb 67.5 puts @76.2
Boeing has been trading in a narrow range for about two years now. The recent market rally saw modest new highs. There is chart support at 75, 70. The strike is near the 2012 lows.

Long APC BA GPS IWM LGF UNP XRT

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