BA - Look to LONG!

DOW had a nasty pullback today as Boeing drags it down. BA had bad news regrading FAA approval and delays with the 777x.

BA formed a cup and handle as well as an inverse head and shoulder with a breakout at the 256.67 level. I like how BA bounced on that 50day SMA and used it as a support. I'm looking to long BA 3 to 4 weeks contract for a possible gap fill to 248 and possible test of the breakout level.

Contract Suggestion:

BA 7/16 255C @ 2.15 (12.7k OI with 6.4 volume today)
BA 7/16 260C @ 1.55 (11.7k OI with 3.6k volume today)