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 positions 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.
Today, Benzinga's options scanner spotted 10 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 options we uncovered, there was 1 put, for a total amount of $41,500, and 9, calls, for a total amount of $430,975.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $250.0 for Boeing during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Boeing's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Boeing's substantial trades, within a strike price spectrum from $145.0 to $250.0 over the preceding 30 days.
Boeing Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BA | CALL | TRADE | BEARISH | 10/18/24 | $15.6 | $15.5 | $15.5 | $175.00 | $74.4K | 75 | 49 |
| BA | CALL | TRADE | BULLISH | 12/18/26 | $19.55 | $19.1 | $19.55 | $250.00 | $70.3K | 109 | 0 |
| BA | CALL | TRADE | BULLISH | 04/26/24 | $24.45 | $22.6 | $24.02 | $145.00 | $60.0K | 23 | 0 |
| BA | CALL | TRADE | BEARISH | 12/18/26 | $20.9 | $19.3 | $19.42 | $250.00 | $46.6K | 109 | 36 |
| BA | CALL | TRADE | BEARISH | 11/15/24 | $17.45 | $17.4 | $17.4 | $175.00 | $43.4K | 52 | 25 |
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
- Trading volume stands at 150,933, with BA's price down by -0.57%, positioned at $168.85.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 2 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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