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 16 extraordinary options activities for Boeing. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 9 are puts, totaling $428,990, and 7 are calls, amounting to $549,249.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $180.0 to $260.0 for Boeing over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Boeing options trades today is 2491.12 with a total volume of 2,537.00.
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 $180.0 to $260.0 over the last 30 days.
Boeing Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | CALL | TRADE | NEUTRAL | 05/17/24 | $195.00 | $210.1K | 336 | 22 |
| BA | CALL | TRADE | BEARISH | 06/20/25 | $200.00 | $146.6K | 656 | 40 |
| BA | PUT | TRADE | BEARISH | 09/20/24 | $245.00 | $89.2K | 519 | 20 |
| BA | PUT | TRADE | BULLISH | 04/19/24 | $230.00 | $88.2K | 1.2K | 30 |
| BA | CALL | TRADE | BULLISH | 06/21/24 | $220.00 | $58.4K | 5.0K | 166 |
About Boeing
Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes, defense, space & security, and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. 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.
In light of the recent options history for Boeing, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Boeing's Current Market Status
- Trading volume stands at 2,869,540, with BA's price down by -0.22%, positioned at $200.55.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 48 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Boeing with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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