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 166 uncommon options trades for Boeing.

This isn't normal.

The overall sentiment of these big-money traders is split between 29% bullish and 53%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $1,367,149, and 153 are calls, for a total amount of $10,032,104.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $240.0 for Boeing over the last 3 months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Boeing stands at 1617.0, with a total volume reaching 21,432.00. 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 $75.0 to $240.0, 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 defense contractors such as Lockheed and Northrop 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.

Boeing's Current Market Status

• Currently trading with a volume of 3,352,643, the BA's price is up by 2.27%, now at $181.17.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 58 days.

Professional Analyst Ratings for Boeing

In the last month, 5 experts released ratings on this stock with an average target price of $187.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from UBS persists with their Buy rating on Boeing, maintaining a target price of $217. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Boeing, targeting a price of $210. * An analyst from Wells Fargo persists with their Underweight rating on Boeing, maintaining a target price of $103. * Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Boeing, targeting a price of $205. * An analyst from JP Morgan persists with their Overweight rating on Boeing, maintaining a target price of $200.

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.