#8 Short Put Spread BA
Expiration: June 16 (51 days out)
ATM:  $136.07
Sell 130 Strike Put
Buy 125 Strike Put
Credit: $1.00
Close the order for 30 cents
The reason for this trade:  BA announced their Earning today. The stock did gap up about $3.00.  There is no earning release for the next three month.  The stock is in the upper part of Keltner channel.  We will talk about this in our next meeting on Saturday.
Delta on the short leg is 27%