Financial giants have made a conspicuous bullish move on Boeing. Our analysis of options history for Boeing BA revealed 19 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $652,001, and 10 were calls, valued at $390,839.
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 $150.0 to $210.0 for Boeing during the past quarter.
Insights into Volume & Open Interest
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 $150.0 to $210.0, over the past month.
Boeing 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BA | PUT | SWEEP | BULLISH | 08/16/24 | $2.86 | $2.86 | $2.85 | $170.00 | $288.5K | 6.8K | 83 |
| BA | CALL | TRADE | BEARISH | 08/30/24 | $10.35 | $10.0 | $10.0 | $180.00 | $100.0K | 43 | 11 |
| BA | PUT | TRADE | BULLISH | 08/16/24 | $6.8 | $6.7 | $6.7 | $180.00 | $67.0K | 5.7K | 17 |
| BA | PUT | SWEEP | BEARISH | 10/18/24 | $13.55 | $13.3 | $13.46 | $185.00 | $49.7K | 1.0K | 112 |
| BA | PUT | SWEEP | BULLISH | 10/18/24 | $13.3 | $13.1 | $13.17 | $185.00 | $48.7K | 1.0K | 150 |
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 and weaponry. Global services provides aftermarket support to airlines.
Present Market Standing of Boeing
- Trading volume stands at 2,340,163, with BA's price up by 0.87%, positioned at $181.23.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 9 days.
Expert Opinions on Boeing
1 market experts have recently issued ratings for this stock, with a consensus target price of $225.0.
- Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Boeing, targeting a price of $225.
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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