How Market Taker's Dan Passarelli Is Playing Boeing

Dan Passarelli discusses current market trends, focusing on the VIX and cross asset correlations. He analyzes the lack of demand for optionality in equities and presents a trade strategy for Boeing, highlighting technical resistance levels. The discussion concludes with a market outlook, considering upcoming Fed actions and trade headlines.

What is the market's expectation regarding the Fed's next move?

• A 50 basis point rate cut

• A 25 basis point rate cut

• No change in rates

• A 25 basis point rate hike

Why is there a lack of demand for optionality in the equity space?

• Options are being bought across the board

• Equity skew is acting up

• High demand for bonds

• Low cross-asset correlation

What recent event has affected Boeing's stock?

• Launch of a new aircraft model

• New trade agreement with China

• Qatar Airlines seeking compensation

• Increase in 737 Max production

What is the resistance level for Boeing's stock according to the technical analysis?

• $350 a share

• $360 a share

• $363 a share

• $370 a share

What is the expected market range for the next week?

• Within a 1% range

• Within a 5% range

• Within a 3% range

• Within a 2% range