High-rolling investors have positioned themselves bullish on Boeing BA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Boeing. This is not a typical pattern.
The sentiment among these major traders is split, with 76% bullish and 23% bearish. Among all the options we identified, there was one put, amounting to $25,250, and 12 calls, totaling $541,166.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $185.0 and $260.0 for Boeing, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $185.0 to $260.0 in the last 30 days.
Boeing 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | CALL | SWEEP | BULLISH | 06/21/24 | $260.00 | $107.7K | 1.3K | 443 |
| BA | CALL | TRADE | BULLISH | 03/15/24 | $250.00 | $82.3K | 2.1K | 54 |
| BA | CALL | SWEEP | BULLISH | 06/21/24 | $260.00 | $56.2K | 1.3K | 343 |
| BA | CALL | TRADE | NEUTRAL | 12/01/23 | $190.00 | $42.0K | 332 | 0 |
| BA | CALL | SWEEP | BULLISH | 12/15/23 | $235.00 | $38.5K | 2.7K | 722 |
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.
In light of the recent options history for Boeing, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Boeing Standing Right Now?
- Trading volume stands at 1,724,837, with BA's price down by -0.05%, positioned at $231.52.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 54 days.
Expert Opinions on Boeing
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $270.0.
- In a positive move, an analyst from Deutsche Bank has upgraded their rating to Buy and adjusted the price target to $270.
- An analyst from RBC Capital has elevated its stance to Outperform, setting a new price target at $275.
- An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $265.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Boeing options trades with real-time alerts from Benzinga Pro.
© 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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