Scott Nations Is Bullish On Boeing (BA)

Scott Nations said on

that a story about Boeing

is largely the story about the dollar. The decline of the U.S. currency is good for exporters, and Scott Nations thinks that there are few exporters bigger than Boeing (

). He also noted that Boeing (

) received new orders, and that is a reason to make a bullish bet on the stock. Specifically, Scott Nations wants to buy the August 75 call for $4.00, and sell the August 85 call for $1.00. He thinks that Boeing (

) will jump above $76, and since he is paying $3 for this trade, his break even is at $78. He could make $7 on this trade. The Boeing Company (

) gained 0.44% on Tuesday, and it closed at $73.62.