Boeing Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | July 12, 2024 11:17am

Investors with a lot of money to spend have taken a bearish stance on Boeing (NYSE:BA).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Boeing.

This isn't normal.

The overall sentiment of these big-money traders is split between 28% bullish and 64%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $228,925, and 9 are calls, for a total amount of $499,064.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $220.0 for Boeing, spanning the last three months.

Volume & Open Interest Trends

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 $220.0, over the past month.

Boeing Option Volume And Open Interest Over Last 30 Days

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	SWEEP	BEARISH	11/15/24	$14.85	$14.5	$14.5	$185.00	$108.7K	410	31
BA	CALL	TRADE	BEARISH	01/17/25	$41.85	$40.6	$41.0	$150.00	$69.7K	553	0
BA	PUT	TRADE	BEARISH	11/15/24	$9.55	$9.4	$9.55	$175.00	$67.8K	953	0
BA	CALL	SWEEP	BULLISH	08/16/24	$11.35	$11.3	$11.35	$175.00	$66.9K	928	27
BA	CALL	TRADE	NEUTRAL	07/12/24	$14.55	$13.95	$14.26	$167.50	$59.8K	101	43

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 1,576,408, with BA's price down by -1.72%, positioned at $180.75.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 19 days.

Professional Analyst Ratings for Boeing

3 market experts have recently issued ratings for this stock, with a consensus target price of $208.33333333333334.

• Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Boeing with a target price of $200.
• 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.
• Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Boeing, targeting a price of $225.

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.

Posted In: BA