Trade Findings and Adjustments 1-23-2020
BA – We have Feb 20th 330 Puts to protect shares which are
In The Money.
Why not roll 330 puts down?
– We want to make more on the way down with 330 puts than 315 or 310 strike puts.
- The news is bad enough in the present that it will be difficult for BA to get back above 320 resistance.
- May have rough earnings report on the 29th
F – Buy 10 more contracts of Leap Long Calls to lower cost basis on the 10 calls we already have, and “leg in” to put more money to work.
Jan22 $10 strike Long Calls