Unpacking the Latest Options Trading Trends in Boeing

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 45 uncommon options trades for Boeing.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 27 are puts, for a total amount of $2,428,805, and 18 are calls, for a total amount of $1,367,992.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $300.0 for Boeing over the recent three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Boeing's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Boeing's significant trades, within a strike price range of $135.0 to $300.0, over the past month.

Boeing Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Boeing

Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes, defense, space & security, and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. 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.

Current Position of Boeing

• With a volume of 3,333,616, the price of BA is down -0.81% at $168.18.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 9 days.

Expert Opinions 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 $225.0.

• An analyst from Bernstein persists with their Outperform rating on Boeing, maintaining a target price of $240.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Boeing with a target price of $235.
• Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Boeing with a target price of $190.
• An analyst from JP Morgan persists with their Overweight rating on Boeing, maintaining a target price of $210.
• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Boeing with a target price of $250.

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.