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 31 uncommon options trades for Boeing.
This isn't normal.
The overall sentiment of these big-money traders is split between 32% bullish and 67%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $523,653, and 22 are calls, for a total amount of $1,201,124.
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 $110.0 to $275.0 for Boeing over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Boeing options trades today is 1873.39 with a total volume of 2,658.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Boeing's big money trades within a strike price range of $110.0 to $275.0 over the last 30 days.
Boeing 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | CALL | SWEEP | NEUTRAL | 01/19/24 | $240.00 | $170.2K | 6.0K | 116 |
| BA | CALL | TRADE | BULLISH | 12/22/23 | $110.00 | $154.7K | 0 | 11 |
| BA | PUT | SWEEP | BEARISH | 09/20/24 | $275.00 | $137.0K | 55 | 42 |
| BA | CALL | TRADE | BEARISH | 02/16/24 | $230.00 | $92.0K | 1.6K | 43 |
| BA | CALL | TRADE | NEUTRAL | 03/15/24 | $210.00 | $88.1K | 862 | 20 |
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.
After a thorough review of the options trading surrounding Boeing, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Boeing Standing Right Now?
- With a trading volume of 1,431,135, the price of BA is up by 0.33%, reaching $249.46.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 42 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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