Shorting Boeing - This company is a disgrace
Updated
This is one of rare occasions where I'm buying puts on a company out of pure spite.
Of course, there are legitimate reasons why Boeing stock should fall in price.
Unfortunately, I don't think the company will compeltely die, but the public has spoken and they don't want anything to do with Boeing anymore.
It is a corrupt company with deep military connections, the only reason why FAA hasn't killed them yet is because FAA is also responsible for poor inspections because that's their job.
Regardless, I bought:
BA May31'24 187.5 Puts
BA Jun28'24 180 Puts
They seem to be at a decent price when considering the probabilities.
I don't understand why is nobody shorting this trash.
Of course, there are legitimate reasons why Boeing stock should fall in price.
Unfortunately, I don't think the company will compeltely die, but the public has spoken and they don't want anything to do with Boeing anymore.
It is a corrupt company with deep military connections, the only reason why FAA hasn't killed them yet is because FAA is also responsible for poor inspections because that's their job.
Regardless, I bought:
BA May31'24 187.5 Puts
BA Jun28'24 180 Puts
They seem to be at a decent price when considering the probabilities.
I don't understand why is nobody shorting this trash.
Order cancelled
I'm out.Note
Missing this investment due to self-doubt has been one of my biggest mistakes ever.
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