BOEING.... Potentially BULLISH!Price has traded through the swing swing high, and pulled back into the +FVG.
This FVG has a couple of confluences that support higher prices, including a Breakaway Gap, a Balanced Price Range, and an overlapping Weekly +FVG.
I believe the +FVG will hold, and push price higher.
Should the +FVG fail, the Swing Low will become the draw on liquidity.
BOEING trade ideas
Shorting Boeing - This company is a disgraceThis 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.