A whale with a lot of money to spend has taken a noticeably bearish stance on Boeing.
Looking at options history for Boeing (NYSE:BA) we detected 104 strange trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.
From the overall spotted trades, 86 are puts, for a total amount of $6,957,750 and 18, calls, for a total amount of $1,365,155.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $240.0 for Boeing over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Boeing options trades today is 1557.88 with a total volume of 117,790.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Boeing's big money trades within a strike price range of $85.0 to $240.0 over the last 30 days.
Boeing Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | PUT | TRADE | BULLISH | 06/17/22 | $120.00 | $407.5K | 8.8K | 4.1K |
| BA | PUT | SWEEP | BEARISH | 01/20/23 | $110.00 | $389.2K | 7.5K | 3.9K |
| BA | CALL | SWEEP | BULLISH | 01/19/24 | $120.00 | $206.7K | 268 | 284 |
| BA | PUT | TRADE | BULLISH | 06/17/22 | $230.00 | $200.1K | 1.9K | 38 |
| BA | PUT | SWEEP | BEARISH | 01/20/23 | $110.00 | $194.1K | 7.5K | 3.2K |
Where Is Boeing Standing Right Now?
- With a volume of 12,027,447, the price of BA is down -6.88% at $118.39.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Boeing:
- JP Morgan has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $190.
- Wells Fargo has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $214.
- Susquehanna has decided to maintain their Positive rating on Boeing, which currently sits at a price target of $192.
- Susquehanna has decided to maintain their Positive rating on Boeing, which currently sits at a price target of $193.
- B of A Securities has decided to maintain their Neutral rating on Boeing, which currently sits at a price target of $150.
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.
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