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Steve Sosnick's Boeing Trade

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Interactive Brokers' chief options strategist, Steve Sosnick, spoke on Bloomberg Markets about an options trading strategy in Boeing Co (NYSE: BA).

He thinks the stock is starting to form a topping pattern and he wants to sell the September 320 put and buy the October 320 put for $2.25. To make money with the trade he needs the stock to stay above $320 at the September 21 expiration and then it has to drop below $317.85 at the October expiration.

Posted-In: Bloomberg Markets Steve SosnickOptions Markets Media

 

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