On CNBC's "Options Action", Mike Khouw spoke about unusually high options activity in The Boeing Company BA, following the earnings report. He noticed above average options volume. It was 1.5 times the average daily options volume and bullish bets outnumbered bearish bets in the session.
See Also: What To Know About Boeing's Q1 Earnings Miss, 737 And Buyback Update
One trade caught Khouw's attention. A trader bought 1,000 contracts of the May 382.50 calls for $6. The trade breaks even at $388.50 or 3.47 percent above the closing price on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.