I don’t think I’ve ever traded Boeing (BA) in my entire life, but I bought June $180 puts today. Mercifully, I bought them late enough to take advantage of the bounce. Earlier in the day, the stock was quite weak, based on the whole planes-killing-people hoopla.
The multi-decade trendline is damaged, and the company is bleeding money. They make a huge part of their revenue vastly overcharging the government for “defense” systems and services, and I suspect DOGE might put a pinch on that as well. Waste and fraud has worked great for decades, but it is not infinitely sustainable.
Of course, one must be careful saying anything against Boeing. Speaking up against the Mafia is probably safer.
