Boeing Unusual Options Activity

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 51 extraordinary options activities for Boeing. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 31% leaning bullish and 68% bearish. Among these notable options, 20 are puts, totaling $1,739,961, and 31 are calls, amounting to $2,063,280.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $280.0 for Boeing over the last 3 months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Boeing stands at 2361.55, with a total volume reaching 54,155.00. 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 $65.0 to $280.0, throughout the last 30 days.

Boeing Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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 7,255,082, the BA's price is up by 1.47%, now at $214.14.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 83 days.

What The Experts Say On Boeing

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $240.8.

• In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $225.
• An analyst from Susquehanna persists with their Positive rating on Boeing, maintaining a target price of $279.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Boeing, targeting a price of $260.
• An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Boeing, which currently sits at a price target of $215.
• In a cautious move, an analyst from Wells Fargo downgraded its rating to Equal-Weight, setting a price target of $225.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Boeing with Benzinga Pro for real-time alerts.