Boeing's Options: A Look at What the Big Money is Thinking

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 8 uncommon options trades for Boeing.

This isn't normal.

The overall sentiment of these big-money traders is split between 12% bullish and 62%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $440,000, and 6 are calls, for a total amount of $307,250.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $200.0 for Boeing during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Boeing stands at 1592.57, with a total volume reaching 370.00. 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 $140.0 to $200.0, 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 three segments: commercial airplanes; defense, space, and 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, satellites, 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 1,372,167, the price of BA is down -1.1% at $153.31.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 93 days.

Expert Opinions on Boeing

In the last month, 5 experts released ratings on this stock with an average target price of $178.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Baird has decided to maintain their Outperform rating on Boeing, which currently sits at a price target of $200. * Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Boeing with a target price of $195. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Boeing with a target price of $195. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Underweight rating for Boeing, targeting a price of $110. * An analyst from TD Cowen persists with their Buy rating on Boeing, maintaining a target price of $190.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Boeing, Benzinga Pro gives you real-time options trades alerts.