Selling a Put Spread in a company that continues to fend off bad news

Boeing has been hampered by a stream of bad news and yet its stock price remains relatively unscathed. I am selling a put spread to take advantage of its resilient share price.

  • Bought BA 05/21/21 Put 230.00 @ 4.92
    Filled at: Apr 12, 2021 9:33:33 AM EDT
  • Sold BA 05/21/21 Put 240.00 @ 7.92
    Filled at: Apr 12, 2021 9:33:33 AM EDT

A 3.00 credit was received so the maximum possible loss on this position is $700 per spread (the difference of the strike prices minus 3.00). I would be pleased to buy back the spread at 1.50.

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