Boeing cannot stay airborne

I’m back to BA after talking about it pre-market.  I own 100 shares and I’m down decently on it.  I’ve sold covered calls so far and made more money back on top of my naked puts, but now the chart has collapsed, again.

While BA was trading at 80.71 I sold two new February 85 calls (BABQ) and received $338.49.  These are not covered calls since I still have my January 90 call sitting out there almost worthless.  I don’t see it as more than a 2% chance that BA will come all the way back up to that 90 strike by the end of next week, so in essence I’m considering one of these new calls covered and the other naked.  I opted for the 85 strike because the chart is so bad on BA that I don’t see it rebounding above 85 too soon.  I’ve been wrong on BA before in the short term and got out early.  I’ll try not to make the same mistake again. 

NVDA is up $2.02 since I wrote about it pre-market.  That has been a huge help for me considering my four naked puts are in the money still.