Market Overview

Todd Gordon's Bearish Boeing Trade


On CNBC's "Trading Nation," Todd Gordon of shared his bearish options trade in Boeing Co (NYSE: BA).

He sees bad news for the stock both on a fundamental side and a technical side. The company has just made an announcement that it is stepping back from the missile program with Pentagon. From a technical standpoint, the stock broke below its up trend line, which Gordon sees as bearish.

To make a bearish bet, Gordon wants to buy the October 340/320 put spread for $6.55. The trade breaks even at $333.45 or 4.21% below Thursday's closing price. If the stock drops below $320 at the October expiration, the trade is going to reach its maximal profit of $13.45.


Related Articles (BA)

View Comments and Join the Discussion!

Posted-In: CNBC Todd Gordon Trading NationShort Ideas Options Markets Media Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at