Today, Benzinga's options scanner spotted 12 uncommon options trades for Boeing. The overall sentiment shows 50.0% of the big-money traders are bullish on the stock and 50.0%, bearish. Out of all of the special options found by our algorithm, 2 are puts, for a total amount of $97,680 and 10, calls, for a total amount of $1,590,269.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $220.0 to $320.0 for Boeing in the over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the total open interest for Boeing big money options trades today is 28,511 with a total volume of 40,073.
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 $220.0 to $320.0 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 | TRADE | BULLISH | 11/19/21 | $250.00 | $747.4K | 12.9K | 5.5K |
| BA | CALL | SWEEP | BULLISH | 11/19/21 | $250.00 | $219.7K | 12.9K | 2.2K |
| BA | CALL | SWEEP | BULLISH | 11/19/21 | $250.00 | $127.5K | 12.9K | 1.2K |
| BA | CALL | SWEEP | BEARISH | 11/19/21 | $250.00 | $116.3K | 12.9K | 6.9K |
| BA | CALL | SWEEP | BULLISH | 11/19/21 | $250.00 | $90.0K | 12.9K | 422 |
Where Is Boeing Standing Right Now?
- With a volume of 5,021,973, the price of BA is down -0.64% over the last 24 hours at $222.98.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 21 days.
What The Experts Say On Boeing:
- Bernstein upgraded its action to Outperform with a price target of $279.0
- UBS has decided to maintain their Buy rating on Boeing, which currently sits at a price target of $290.0.
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.
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