A deep-pocketed investor has 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 this investor remains unknown, but such a substantial move in BA usually suggests insider knowledge. 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, 8 are puts, totaling $397,374, and 7 are calls, amounting to $258,438.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $175.0 and $250.0 for Boeing, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Boeing's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Boeing's whale activity within a strike price range from $175.0 to $250.0 in 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 | PUT | SWEEP | BEARISH | 04/19/24 | $200.00 | $130.6K | 930 | 110 |
| BA | CALL | SWEEP | BULLISH | 01/17/25 | $250.00 | $65.2K | 3.5K | 69 |
| BA | PUT | SWEEP | BULLISH | 11/10/23 | $250.00 | $59.0K | 0 | 10 |
| BA | CALL | TRADE | NEUTRAL | 11/10/23 | $175.00 | $54.9K | 61 | 35 |
| BA | PUT | SWEEP | BULLISH | 11/17/23 | $185.00 | $43.8K | 2.7K | 796 |
Present Market Standing of Boeing
- Currently trading with a volume of 2,229,656, the BA's price has down by -1.22%, now at $190.59. RSI readings suggest the stock is currently is currently neutral between overbought and oversold. Anticipated earnings release is in 78 days.
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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