Tyler Wincig ’20 pitched a Boeing (BA) add-on and put-onboarding strategy to the Student Managed Investment Fund on January 27th, 2020. Boeing is one of the world’s largest aerospace manufacturers. The company conducts business in four divisions: Commercial Airplanes, Defense Space and Security, Global Services, and Boeing Capital. Over the course of the past 18 months, Boeing has endured one of its worst economic and reputational stretches in its century long history. As a result of unfavorable events, most notably the two deadly Boeing 737 MAX crashes and the model’s subsequent worldwide grounding, Boeing’s share price has declined to the extent that the company has become undervalued. With a high probability that the 737 MAX grounding will be removed during the spring of 2020, Boeing’s insurmountable position in the aerospace industry, the health of Boeing’s backlog, Boeing’s new leadership, and the obstacles Airbus faces in terms of gaining more commercial aerospace market share, Boeing is in a position to recover from its mistakes and regain its title as the largest aircraft manufacturer in the world. On January 28th, 2020, the SMIF portfolio purchased 65 additional shares of Boeing at $315.00/share, and sold 1 BA 2/21/20 P325 for $16.74/share, funded by selling 300 shares of LUV at $57.21/share, 20 shares of SPY at $327.08/share, and 35 shares of XLI at $82.50/share.