Boeing Unusual Options Activity

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 38 uncommon options trades for Boeing.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $839,479, and 24 are calls, for a total amount of $2,600,683.

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 $115.0 and $270.0 for Boeing, spanning the last three months.

Volume & Open Interest Development

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 $115.0 to $270.0 in the last 30 days.

Boeing Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with Boeing, we pivot to a closer look at the company's own performance.

Boeing's Current Market Status

• Currently trading with a volume of 8,117,632, the BA's price is down by -0.22%, now at $211.15.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 12 days.

What Analysts Are Saying About Boeing

In the last month, 2 experts released ratings on this stock with an average target price of $252.0.

• An analyst from Wells Fargo downgraded its action to Equal-Weight with a price target of $225.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Boeing with a target price of $279.

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.