Investors with a lot of money to spend have taken a bearish stance on Boeing BA.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BA, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for Boeing.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $141,315, and 10 are calls, for a total amount of $386,074.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $270.0 for Boeing over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Boeing stands at 1679.46, with a total volume reaching 238.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Boeing, situated within the strike price corridor from $135.0 to $270.0, throughout the last 30 days.
Boeing Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | PUT | TRADE | BULLISH | 01/19/24 | $240.00 | $57.9K | 56 | 27 |
| BA | PUT | TRADE | NEUTRAL | 12/19/25 | $270.00 | $52.2K | 60 | 1 |
| BA | CALL | TRADE | BULLISH | 05/17/24 | $205.00 | $51.7K | 156 | 0 |
| BA | CALL | SWEEP | BEARISH | 03/15/24 | $205.00 | $46.4K | 393 | 0 |
| BA | CALL | SWEEP | BULLISH | 01/19/24 | $200.00 | $44.2K | 6.8K | 20 |
About Boeing
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. 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.
Boeing's Current Market Status
- Currently trading with a volume of 814,753, the BA's price is down by -0.45%, now at $219.01.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 58 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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