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Breakout in BA

Home › Forums › Swing Trades › Breakout in BA

  • This topic has 2 replies, 1 voice, and was last updated 8 years, 1 month ago by Steven Place.
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  • May 6, 2014 at 8:35 am #2462
    Steven Place
    Keymaster

    ba

    ba-30

     

     

    Simple breakout trade in BA.

    Trade: Long Jun 135/140 bull call spread for 1.05 or lower

    Stop: 127.78

    Adjustments: If we breakout quickly to 135, we will roll this trade into a butterfly spread.

    May 14, 2014 at 8:34 am #2464
    Steven Place
    Keymaster

    BA Has hit it’s 2nd st dev bollinger band twice in a row, so it’s a touch overbought.

    Sell 50% size at 1.50 or higher.

    Will look to rebuy on a pullback.

    ba

    May 28, 2014 at 8:58 am #2463
    Steven Place
    Keymaster

    Sell the second half of the trade at 1.56.

    Theta risk is coming in and the stock just isn’t moving like it needs too. If it pulls back to its 20 day moving average I’ll look at July call spreads.

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