BA – Your Bullseye Pick of the Week - Bullseye Pick of the Week

Stock up 5%

My Trade Plan Details:

  • BA July 28 2023 $220 call near $3
  • Stop: Close below $202
  • Target 1: $219
  • Target 2: $224

My Reasoning:

My plan for BA is to look for a little dip today and get started on the option contracts, but only for a half-sized position.

I want to save some room to add more to this if the stock dips, and then recovers later in the week.  A recovery will be when it begins to trade back above the mid-point of the Keltner channel.  

I talk about this every week, so if this is unfamiliar to you, please make sure you attend the live session today.

If I am wrong, I will stop out of this trade if BA closes under $202, which would be below the recent support level.

If it goes my way, I am looking to sell just under $220 for a profit, and possibly even $224 for my upside target.