Boeing Company (The)Short
Boeing running towards a cliff now?
Last BA technical analysis thought BA may be able to break out, however, since then we've mostly stayed at the same price. We sold most of our BA shares for a modest 30% profit.
Although price is staying up, the distribution is disgusting. The selling doesn't seem to stop. This indicator might suggest that insiders are unloading their positions slowly to retail investors. Once they're out, this might take a HUGE hit. This is just how I interpret the chart.
In addition, option open interest is weighted towards calls at the moment.
So with this information, I see this situation as insiders knowing something is going to happen with BA and they want out. They need to recover money so they are slowly unloading shares and selling calls to retail.
I could be wrong, but just my $0.02...
Trade cautiously.
Although price is staying up, the distribution is disgusting. The selling doesn't seem to stop. This indicator might suggest that insiders are unloading their positions slowly to retail investors. Once they're out, this might take a HUGE hit. This is just how I interpret the chart.
In addition, option open interest is weighted towards calls at the moment.
So with this information, I see this situation as insiders knowing something is going to happen with BA and they want out. They need to recover money so they are slowly unloading shares and selling calls to retail.
I could be wrong, but just my $0.02...
Trade cautiously.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.