SOLD MY Boeing position at 325,26 too much downside pressure !!
I decided after keeping the stocks a while hoovering the 340 wish limits and making money selling at the money calls
I don't think this game is worth it anymore as the downside risk is much greater in the short term especially if the airline scheduled the flight back in June
Dont expect the 737 MAX to be scrapped this is too much of a blow politically against one of the US symbol such as Boeing , the 737 Max will fly again
But short term I can see the 320 support breaking down so better come back when visibility is clearer , on my watchlist
I don't think this game is worth it anymore as the downside risk is much greater in the short term especially if the airline scheduled the flight back in June
Dont expect the 737 MAX to be scrapped this is too much of a blow politically against one of the US symbol such as Boeing , the 737 Max will fly again
But short term I can see the 320 support breaking down so better come back when visibility is clearer , on my watchlist