Boeing's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | June 27, 2024 01:02pm

Financial giants have made a conspicuous bullish move on Boeing. Our analysis of options history for Boeing (NYSE:BA) revealed 36 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $705,459, and 27 were calls, valued at $1,486,564.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $230.0 for Boeing over the recent three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Boeing stands at 2453.48, with a total volume reaching 11,774.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Boeing, situated within the strike price corridor from $150.0 to $230.0, throughout the last 30 days.

Boeing Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
BA	PUT	TRADE	BULLISH	10/18/24	$47.75	$46.35	$46.71	$230.00	$214.8K	0	16
BA	CALL	TRADE	BULLISH	01/16/26	$38.2	$37.9	$38.2	$180.00	$183.3K	582	15
BA	PUT	TRADE	NEUTRAL	08/16/24	$48.15	$44.1	$46.39	$225.00	$139.1K	0	0
BA	PUT	SWEEP	BULLISH	12/18/26	$33.95	$30.75	$33.95	$190.00	$108.6K	837	0
BA	CALL	TRADE	NEUTRAL	02/21/25	$42.3	$41.9	$42.1	$150.00	$88.4K	0	0

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.

Current Position of Boeing

• Trading volume stands at 3,649,950, with BA's price up by 1.86%, positioned at $181.82.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 27 days.

Expert Opinions on Boeing

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $224.0.

• An analyst from Bernstein has decided to maintain their Outperform rating on Boeing, which currently sits at a price target of $215.
• Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Boeing with a target price of $225.
• An analyst from Baird has decided to maintain their Outperform rating on Boeing, which currently sits at a price target of $240.
• An analyst from B of A Securities has decided to maintain their Neutral rating on Boeing, which currently sits at a price target of $200.
• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Boeing with a target price of $240.

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