NEW DIRECTIONAL CALL PLAYS

Boeing Co - BA - close: 76.68 change: -1.09

Stop Loss: 73.40
Target(s): 79.75, 84.50
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see Trigger

Company Description

Why We Like It:
BA has spent the last two weeks consolidating sideways under resistance near $80.00. Shares have just now started to correct lower this week. Broken resistance in the $75-74 area should be new support. I am suggesting we buy calls on a dip at $75.00 with a stop loss at $73.40. If triggered our targets are $79.75 and $84.50. The Point & Figure chart for BA is bullish with an $87 target.

Trigger @ $75.00

- Suggested Positions -

Buy the June $80 call (BA1118F80) current ask $0.80

Annotated Chart:

Entry on May xxth at $ xx.xx
Earnings Date 07/27/11 (unconfirmed)
Average Daily Volume = 4.8 million
Listed on May 17th, 2011