BA is collapsing in a Wave 3 of (5) to under $100. In its most recent leg of decline BA has fallen 20% since August 1st, currently trading at about $150. Another 20% lower puts it at $120 by Thanksgiving and according to the Fib Extension Tool, it is projecting $80 before the WAVE (5) price collapse is complete. The Jan 17, 2025 $120P is trading at $2 and if BA can make it $80 before Jan expiration, the return is 20X. Worth risking 50%? BA Weekly BA Daily Speculators Only Not really, since if you're buying any options on anything you are by definition (mine and yours) a speculator. Its just that most of the puts in this table and certainly the highlighted-recommended strike, $120P, are way-out-of-the-money. Nonetheless, the payoff is commensurate with the risk (see anlaysis below table). Any of the puts listed below will work, so long as the wave count is close to correct over the coming few months. BA Jan 2025 Puts Late Edit: Today is a rally day for BA, a good day to buy puts even cheaper than when I wrote up this Alert, just after the Open. Based on buying the $120P @ 2.00, a BA decline to $120 in the next 60 days (a 50% decline from Wave (B) peak) is a 5X return, a decline to $100 by Jan expiration is a 10X return, while a decline to $80 by Jan expiration is a 20X return. Risk: 50%.
