Spotlight on Boeing: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bearish 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 36 extraordinary options activities for Boeing. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 41% leaning bullish and 58% bearish. Among these notable options, 12 are puts, totaling $667,483, and 24 are calls, amounting to $2,038,434.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $330.0 for Boeing during the past quarter.

Volume & Open Interest Trends

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 $100.0 to $330.0 over the preceding 30 days.

Boeing Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Boeing, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Boeing

• Trading volume stands at 3,615,080, with BA's price up by 0.63%, positioned at $188.69.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 28 days.

Expert Opinions on Boeing

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $236.0.

• Maintaining their stance, an analyst from TD Cowen continues to hold a Outperform rating for Boeing, targeting a price of $230.
• An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $250.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Boeing, targeting a price of $230.
• An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Boeing, which currently sits at a price target of $235.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Boeing, targeting a price of $235.

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.