Boeing hit $72.50 and looks to be pausing at this resistance level on the chart. I bought back the March $70 puts sold about 2 weeks ago for a little more than $1. Tactically, this option trade made just less than $2 or 2.7% of risk capital in 2 weeks.
Still bullish on Boeing. However, the air force tanker decision might be getting close to announcement. This will likely move the stock in one direction or the other
Own 1 lot of shares, and looking for a cost effective way to accumulate more lots. Will consider re-establishing an options position on a short term pull back towards $70. Either a similar trade (put sale) or perhaps a strangle to try to capitalize on any move from the tanker decision.