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Investors with significant financial resources have adopted a bearish stance on Boeing BA. Retail traders should take note of this development. We detected this trend today when these positions surfaced in publicly available options trading history that we monitor at Benzinga. The identities of these traders, whether institutions or affluent individuals, remain unknown. However, such substantial activity involving BA often suggests that certain parties may possess advance knowledge of impending events.
Our options scanner at Benzinga identified 10 options trades related to Boeing today. This level of activity is unusual. The overall sentiment among these large-scale traders is split, with 40% expressing a bullish outlook and 60% indicating a bearish stance. Our analysis revealed 1 put option valued at $41,500 and 9 call options amounting to $430,975.
What’s The Price Target?
By examining the volume and open interest associated with these contracts, it appears that major players have been eyeing a price range between $145.0 and $250.0 for Boeing over the past three months.
Analyzing Volume & Open Interest
Assessing volume and open interest is crucial in options trading. These metrics provide insights into the liquidity and investor interest in Boeing’s options at specific strike prices. The data below visualizes the fluctuations in volume and open interest for both calls and puts connected to the substantial trades involving Boeing within a strike price range of $145.0 to $250.0 over the preceding 30 days.
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Boeing Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BA CALL TRADE BEARISH 10/18/24 $15.6 $15.5 $15.5 $175.00 $74.4K 75 49
BA CALL TRADE BULLISH 12/18/26 $19.55 $19.1 $19.55 $250.00 $70.3K 109 0
BA CALL TRADE BULLISH 04/26/24 $24.45 $22.6 $24.02 $145.00 $60.0K 23 0
BA CALL TRADE BEARISH 12/18/26 $20.9 $19.3 $19.42 $250.00 $46.6K 109 36
BA CALL TRADE BEARISH 11/15/24 $17.45 $17.4 $17.4 $175.00 $43.4K 52 25
About Boeing
Boeing is a leading aerospace and defense company. It operates in three segments: commercial airplanes, defense, space & security, and Global services. Boeing’s commercial airplanes segment competes with Airbus in producing aircraft capable of carrying over 130 passengers. Boeing’s defense, space, and security segment competes with Lockheed, Northrop, and numerous other firms in the development of military aircraft and weaponry. Global services provides post-sale support to airlines.
Having analyzed the options activity associated with Boeing, we now turn our attention to the company’s own performance.
Current Position of Boeing
Trading volume stands at 150,933, with BA’s stock price experiencing a decline of -0.57%, currently at $168.85. RSI indicators suggest that the stock may be oversold. Earnings are expected to be announced in 2 days.
Options trading involves substantial risks and potential rewards. Seasoned traders mitigate these risks through continuous learning, adapting their strategies, monitoring multiple indicators, and paying close attention to market movements. Stay informed about the latest Boeing options trades with real-time alerts from Benzinga Pro.
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