I opened $BA VERTICAL 240517 PUT 155.0/PUT 160.0$  ,BA: sold bull put spread on BA with strike at $160/$155 and expiry on 17th May which is 32 days away. Premium collection is 0.75% with max risk defined. Earning risk ahead on 24th April. On technical chart, BA is bearish and on downward trajectory having already been down 38% from its peak in Dec 2023. Short term swing trade wise, the stock had experienced consecutive 11 days of trading lower and in its oversold regions. Depending on any near term news that might have slight bullish bias would halt the down side and perhaps bargain hunters for a quick buck. Long term wise, BA might continue its downtrend until fundamentally the company fix its quality issues.
BA Vertical
04-16 00:31
US155.0/160.0
SidePriceRealized P&L
Credit
Open
-1.20--
Holding
BA VERTICAL 240517 PUT 155.0/PUT 160.0
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  • AdelaideFox
    ·04-16
    TOP
    However, you're right to be cautious about the earning risk ahead.
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    • Terra Incognita
      Thanks! Earnings are always a wild card.
      04-20
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  • HaroldAnderson
    ·04-16
    TOP
    You really know your stuff when it comes to BA.
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    • Terra Incognita
      Thanks, hope the trade comes out favorably.
      04-20
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  • Tom Chow
    ·04-16
    good
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