27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Someone with a lot of money to spend has taken a bullish stance on Boeing (NYSE:BA).
And retail traders should know.
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We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BA, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Boeing.
This isn't normal.
The overall sentiment of these big-money traders is split between 53.85% bullish and 46.15%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $54,500.00, and 12, calls, for a total amount of $687,344.00..
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $185.0 to $275.0 for Boeing over the last 3 months.
Volume & Open Interest Development
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In terms of liquidity and interest, the mean open interest for Boeing options trades today is 8586.33 with a total volume of 49,580.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Boeing's big money trades within a strike price range of $185.0 to $275.0 over the last 30 days.
Boeing Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | CALL | SWEEP | BEARISH | 12/03/21 | $185.00 | $163.0K | 111 | 270 |
| BA | CALL | SWEEP | BULLISH | 11/26/21 | $185.00 | $135.0K | 2.2K | 200 |
| BA | CALL | TRADE | BEARISH | 06/17/22 | $275.00 | $77.8K | 676 | 75 |
| BA | PUT | TRADE | BULLISH | 12/17/21 | $220.00 | $54.5K | 31.7K | 166 |
| BA | CALL | SWEEP | BULLISH | 12/03/21 | $240.00 | $40.1K | 2.5K | 2.9K |
Where Is Boeing Standing Right Now?
- With a volume of 7,357,644.00, the price of BA is up 0.79% at $228.4.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 69 days.
What The Experts Say On Boeing:
- Wells Fargo upgraded its action to Overweight with a price target of $272.0
- Wells Fargo has decided to maintain their Equal-Weight rating on Boeing, which currently sits at a price target of $224.0.
- JP Morgan upgraded its action to Overweight with a price target of $275.0
- RBC Capital downgraded its action to Outperform with a price target of $275.0
- Bernstein has decided to maintain their Outperform rating on Boeing, which currently sits at a price target of $269.0.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.