10/15/2013           TUES

Boeing Company     NYSE: BA

Stock Price 119.46

Avg. Daily Volume 4,100,000

Support          113.35**   105.50**      98.50 – 96.75***

Resist               120.50/122.5**      151.5***

IV for May 27%

Buy May monthly put Butterfly spread 110p/95p/80p   +1/-2/+1     for 1.50 or better

Risk defined $150    

Potential Reward $1,350.00

Open Int. (est.)    strike   May  Monthly (213)

80                       120

85                       125

90                       190

95                         88

100                  1,200

105                     120

110                     220

115                  2,700

120                  2,500

Earnings data due out 10/23/2013          1.57 estimated

Quarter End      Date Reported        EPS    

Jun2013            07/24/2013                 1.67   

Mar2013           04/24/2013                 1.73   

Dec2012           01/30/2013                 1.28   

Sep2012            10/24/2012                1.35    

Read more: http://www.nasdaq.com/earnings/report/ba#ixzz2hkKMxoNe

Boeing looks strong enough for one more pop over the recent Hi’s of 120.38 probably to the 122.50 to 123.00 level where a pull back from profit taking should take the shares down to around 105 initially and then down to the 95 range.

Weekly and monthly technical staring to show over bought. When the down starts it should be spread out over the next several months which is why the May monthly options were chosen. The weekly’s should offer some cheap plays from the put buy side if buying puts on the up moves on BA

*Disclaimer: This is not a recommendation. All trading entails risk. Anyone employing any strategies and having limited knowledge of options trading should consult with a FINRA licensed professional.