Hmmmm. Let’s see. Originally scheduled first delivery was May 2008. Boeing announces at least 6 month delay. That adds up to???? And market currently at December 2007. Free money to be had aside from wait for payoff. Not a terribly efficient market.

I agree. Maybe the market was supposed to start at December 2008?

…and apparently, now that we’ve reached 100, we can’t move the date any further back than Feb 2008…

Never thought about price getting capped at $100 since there is no way for delivery to occur as early as Feb 2008. Even if start date was 12/2008, at $1 day (which appears to be the rate of movement) the market would have capped out in April 2008, before the original delivery date. Maybe a September 2008 start date would have worked?

sorry the cap at $100 isn’t intentional. will get it fixed soon.

For anyone else keeping track, first delivery is scheduled for sometime in the 3rd quarter of 2009 assuming no further delays. That translates into another 90-100 inklings from current 505 (3/20/09 date) but no payout for at least 12 months.

http://www.boeing.com/news/releases/2008/q2/080409b_nr.html

On the other hand, the market closes on 5/1/09. Will it cash out as of that date if no delivery? Or will market be extended? Or trading halted until ultimate payout?

Boeing just announced first delivery delayed until 2010.

http://www.msnbc.msn.com/id/28174912/