Deep-pocketed investors have adopted a bullish approach towards Boeing BA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Boeing. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 6 are puts, totaling $262,356, and 9 are calls, amounting to $621,200.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $190.0 to $280.0 for Boeing over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Boeing's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Boeing's substantial trades, within a strike price spectrum from $190.0 to $280.0 over the preceding 30 days.
Boeing Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | CALL | SWEEP | BULLISH | 05/17/24 | $220.00 | $277.0K | 527 | 100 |
| BA | CALL | SWEEP | NEUTRAL | 05/17/24 | $220.00 | $137.1K | 527 | 0 |
| BA | PUT | SWEEP | NEUTRAL | 02/16/24 | $235.00 | $76.1K | 907 | 0 |
| BA | PUT | SWEEP | BULLISH | 01/17/25 | $190.00 | $49.6K | 2.8K | 45 |
| BA | PUT | TRADE | BULLISH | 03/15/24 | $215.00 | $44.5K | 1.4K | 69 |
About Boeing
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.
Following our analysis of the options activities associated with Boeing, we pivot to a closer look at the company's own performance.
Boeing's Current Market Status
- Currently trading with a volume of 2,798,339, the BA's price is down by -0.86%, now at $213.18.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 9 days.
Expert Opinions on Boeing
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $252.0.
- Reflecting concerns, an analyst from Wells Fargo lowers its rating to Equal-Weight with a new price target of $225.
- An analyst from Susquehanna has decided to maintain their Positive rating on Boeing, which currently sits at a price target of $279.
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 want to stay updated on the latest options trades for Boeing, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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