Every time Boeing (BA) has gotten slapped on 737 MAX news it has been an opportunity to fade the move.
BA will get back above $400. I like fading the news Monday and buying calls.
I would buy the BA May $385 calls for less than $11, looking to flip them for $20-25 when the stock bounces back to $390+.
If BA makes a new low from the old one in March, I would dump.
Trade: Buy to open 1 BA May $385 call for $11.00.
At the time of publication, Sebastian had no positions in the securities mentioned.