Got an eye on Boeing (BA - Get Report) ?

The company, which has had its fair share of bad news--most recently that Saudi Arabia's Flyadeal canceled its $5.9 billion order with Boeing.

Jay Pestrichelli, CEO of ZEGA Financial, is taking a close look at Boeing. 

"We've obviously seen a lot of movement over the last year, topped out around the $440 range down around $350 today. For us, if someone really wants to get long Boeing and it's a tough play to go along at these prices, we actually recommend, hey, use options as your entry point. Sell a $330 put, let the market pull back, you know, 10%. pick your entry and get paid while you're waiting for that. And it actually turns out to be a safer way to enter some of these names that the outcome is not really known yet long-term," said Pestrichelli.

Related. Boeing Slides After Saudi Arabia's Flyadeal Drops $5.9 Billion 737 MAX Order