Trade Alert – ADI/BA – 07/28/2020
Hi Profit Accelerator Traders!
First, keep in mind this is a high-tension week. Tech has been carrying the market for a long time and big tech earnings announcements are happening all week. We’ll have some trades one way or another but this is a week to be careful. We could see some volatile action.
Here are the trades:
TYPE: Buy to Open a Put
EXP: SEP 18
ENTRY: $5.90 or better
**We’re waiting for earnings tomorrow. IF earnings are weak for BA, we’ll
pass on this trade. If earnings are strong for BA, then (and only then) do
TYPE: Call (if price breaks above $182.95)
EXP: Oct 16
ENTRY: $15.50 or better