Raytheon (RTN)

Stock has bottomed and sending a pretty powerful "message" today on the chart having taken out the highs of the previous 3-days.

First resistance at 58.60

 

defense been sucking wind for the last 3 weeks or so. I'll wait a little longer..

 

You obviously haven't been watching RTN today!

Held yesterday's low, and just took out the highs of the LAST 3 DAYS.
In other words, the train has already left the station.

 

didn't make it pass the mustard today.

 

I like the AUG 57.50 call and the NOV 70.00 call.

They are good without war, but if we go to war and shoot 3 or 4 hundred million+ dollar RTN missiles, you might be able to buy a beach house on those calls.