"In recent months, employees have revolted over revelations that the Mountain View, CA company was helping the Department of Defense develop drone warfare technology as part of "Project Maven." Separately, thousands of employees signed a letter opposing the company's censored search engine they have been developing for the Chinese government, code-named "Dragonfly." https://www.zerohedge.com/news/2018...the+survival+rate+for+everyone+drops+to+zero)
The company and the FAA have been finalizing a software fix for an obscure anti-stall measure created for the plane that came to light with the Indonesia tragedy. The Maneuvering Characteristics Augmentation System, triggered by an erroneous sensor reading, had baffled pilots by pushing the Lion Air plane downward dozens of times before it crashed. The flight-control software is activated without pilot input when a sensor measuring the angle a plane’s nose is flying relative to the wind indicates the aircraft may be approaching a mid-flight stall. But the software only operates when a plane is being flown manually with its flaps retracted, according to a Nov. 10 memo provided to Southwest Airlines pilots following the Lion Air crash. Flaps are typically extended to provide lift as airplanes climb after takeoff. Lion Air Flight Crashes Into Sea Off Jakarta Boeing responded to the earlier crash by advising pilots that the Max’s so-called angle-of-attack sensor can provide false readings, causing the plane’s computers to erroneously detect a stall. That in turn can prompt the aircraft to dive for as long as 10 seconds to regain the speed the computer thinks is needed to keep flying. Pilots could counteract the sudden downward tilt by flipping two switches and manually holding the aircraft stable, the planemaker said. What Bloomberg Intelligence Says “The crash may show insufficient training for the new stall prevention systems on the 737 Max. It’s unlikely due to design flaws, and the plane is likely to stay in service.” -- George Ferguson, global aviation analyst https://www.bloomberg.com//news/art...after-second-crash-of-737-max?srnd=markets-vp
7:06 PM 9/15/2019 Breaking 2969 gives a fall to 2809.75 Buy the 19 Oct 2900 put is 13.00 At target if it looks like it will push through.. very likely I would stand aside (take no action). If it looks like it will bounce then sell a put at the money. (not trading advice educational only)