Today’s DailyPlay is The Boeing Company (BA). BA is a part of the Industrials Sector (XLI). XLI is in a nice bullish trend that began in the start of February and has continued unwavered since. The sector is up 4.77% in the last month and we think this trend will continue.
Boeing is one of the largest global aircraft manufacturers, the second-largest defense contractor based on revenue, and the largest US exporter by dollar value.
BA has been in a strong bullish trend since the end of December 2014 with a slight pullback in January. Recently, BA set a 52-week high. After testing its $149.82 support level, BA took a nice bounce higher and we are expecting BA to continue its bullish trend to new highs.
The trade we recommend is to buy the April 17th $155/165 Call Vertical, which is currently trading at a mid-price of $338 per contract. However, we advise against paying more than $350 per contract.