What the Options Market Tells Us About Boeing

Author: Benzinga Insights | June 07, 2024 09:46am

Whales with a lot of money to spend have taken a noticeably bullish stance on Boeing.

Looking at options history for Boeing (NYSE:BA) we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 10% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $145,800 and 6, calls, for a total amount of $223,355.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $240.0 for Boeing over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Boeing's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Boeing's substantial trades, within a strike price spectrum from $160.0 to $240.0 over the preceding 30 days.

Boeing Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
BA	CALL	TRADE	BULLISH	06/07/24	$33.55	$26.5	$30.77	$160.00	$73.8K	156	0
BA	PUT	SWEEP	BEARISH	09/20/24	$13.8	$13.3	$13.3	$195.00	$49.4K	605	36
BA	PUT	TRADE	BULLISH	10/18/24	$53.2	$47.55	$48.88	$240.00	$39.1K	0	8
BA	CALL	TRADE	BULLISH	08/16/24	$7.6	$5.85	$7.55	$200.00	$36.2K	3.5K	0
BA	CALL	TRADE	BULLISH	01/16/26	$35.45	$33.1	$34.78	$200.00	$34.7K	1.8K	10

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.

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.

Boeing's Current Market Status

• Currently trading with a volume of 100,456, the BA's price is down by -0.26%, now at $190.92.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 47 days.

What The Experts Say On Boeing

In the last month, 4 experts released ratings on this stock with an average target price of $231.25.

• An analyst from Stifel has decided to maintain their Buy rating on Boeing, which currently sits at a price target of $240.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Boeing with a target price of $230.
• Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Boeing, targeting a price of $240.
• An analyst from Bernstein has decided to maintain their Outperform rating on Boeing, which currently sits at a price target of $215.

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.

Posted In: BA