A Closer Look at Boeing's Options Market Dynamics

Deep-pocketed investors have adopted a bearish 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 these investors remains unknown, but such a substantial move in BA usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 63 extraordinary options activities for Boeing. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 28% leaning bullish and 71% bearish. Among these notable options, 9 are puts, totaling $276,076, and 54 are calls, amounting to $4,740,743.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $310.0 for Boeing, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Boeing stands at 1518.05, with a total volume reaching 12,831.00. 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 $130.0 to $310.0, throughout the last 30 days.

Boeing Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Current Position of Boeing

• With a volume of 2,664,502, the price of BA is up 0.87% at $265.81.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 35 days.

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.