Investors with a lot of money to spend have taken a bullish 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 119 uncommon options trades for Boeing.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 42%, bearish.
Out of all of the special options we uncovered, 14 are puts, for a total amount of $1,001,181, and 105 are calls, for a total amount of $9,553,983.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $250.0 for Boeing over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Boeing stands at 4250.42, with a total volume reaching 154,095.00. 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 $80.0 to $250.0, throughout the last 30 days.
Boeing Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BA | CALL | SWEEP | BULLISH | 01/17/25 | $30.25 | $30.2 | $30.25 | $145.00 | $961.9K | 10.9K | 2.0K |
| BA | CALL | SWEEP | BEARISH | 01/17/25 | $30.2 | $30.0 | $30.0 | $145.00 | $336.0K | 10.9K | 3.1K |
| BA | CALL | SWEEP | BULLISH | 01/17/25 | $7.55 | $7.4 | $7.55 | $175.00 | $207.6K | 11.2K | 3.3K |
| BA | CALL | SWEEP | BULLISH | 02/21/25 | $3.65 | $3.5 | $3.64 | $200.00 | $182.5K | 4.0K | 2.1K |
| BA | CALL | SWEEP | BULLISH | 01/17/25 | $30.5 | $30.45 | $30.5 | $145.00 | $140.3K | 10.9K | 2.4K |
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
- Currently trading with a volume of 9,856,895, the BA's price is up by 2.29%, now at $173.53.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 44 days.
Professional Analyst Ratings for Boeing
In the last month, 1 experts released ratings on this stock with an average target price of $190.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* An analyst from JP Morgan has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $190.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Boeing options trades with real-time alerts from Benzinga Pro.
