High-rolling investors have positioned themselves bullish on Boeing BA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Boeing. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $227,500, and 9 calls, totaling $410,750.
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 $90.0 to $190.0 for Boeing over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Boeing's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Boeing's whale trades within a strike price range from $90.0 to $190.0 in the last 30 days.
Boeing Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BA | PUT | SWEEP | BEARISH | 12/20/24 | $4.55 | $4.35 | $4.55 | $170.00 | $227.5K | 1.8K | 11 |
| BA | CALL | TRADE | BULLISH | 02/21/25 | $79.0 | $78.05 | $78.7 | $90.00 | $78.7K | 35 | 10 |
| BA | CALL | SWEEP | BULLISH | 12/27/24 | $3.85 | $3.6 | $3.85 | $170.00 | $77.0K | 2.1K | 1.0K |
| BA | CALL | SWEEP | BEARISH | 01/17/25 | $4.85 | $4.7 | $4.7 | $175.00 | $51.7K | 11.6K | 133 |
| BA | CALL | SWEEP | BULLISH | 01/17/25 | $1.5 | $1.35 | $1.51 | $190.00 | $39.8K | 6.6K | 1.0K |
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.
Having examined the options trading patterns of Boeing, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Boeing's Current Market Status
- With a trading volume of 693,659, the price of BA is up by 0.04%, reaching $166.03.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 48 days from now.
Expert Opinions on Boeing
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $190.0.
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. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Boeing, targeting a price of $190.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Boeing with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
