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Boeing Unusual Options Activity For April 29
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Boeing Unusual Options Activity For April 29
Apr 29, 2024 9:09 AM

Financial giants have made a conspicuous bullish move on Boeing ( BA ). Our analysis of options history for Boeing ( BA ) revealed 21 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $310,472, and 14 were calls, valued at $924,582.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $300.0 for Boeing ( BA ), spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Boeing's ( BA ) options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Boeing's ( BA ) whale activity within a strike price range from $145.0 to $300.0 in the last 30 days.

Boeing 30-Day Option Volume & Interest Snapshot

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 TRADE BEARISH 01/16/26 $23.7 $23.3 $23.3 $200.00 $233.0K 1.3K 100
BA CALL SWEEP NEUTRAL 12/19/25 $4.5 $4.15 $4.3 $300.00 $136.3K 1.7K 615
BA CALL SWEEP BULLISH 07/19/24 $3.65 $3.55 $3.65 $190.00 $103.2K 5.2K 55
BA CALL TRADE BULLISH 12/18/26 $53.55 $52.7 $53.55 $160.00 $85.6K 134 38
BA PUT TRADE NEUTRAL 07/19/24 $11.65 $11.4 $11.51 $175.00 $67.9K 1.0K 250

About Boeing

Boeing ( BA ) is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and global services. Boeing's ( BA ) commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's ( BA ) 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.

Having examined the options trading patterns of Boeing ( BA ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Boeing

With a trading volume of 2,633,156, the price of BA is up by 3.27%, reaching $172.68.

Current RSI values indicate that the stock is may be approaching oversold.

Next earnings report is scheduled for 86 days from now.

Professional Analyst Ratings for Boeing

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $211.0.

An analyst from Stifel persists with their Buy rating on Boeing ( BA ), maintaining a target price of $260.

Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Boeing ( BA ) with a target price of $190.

Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Boeing ( BA ), targeting a price of $210.

An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Boeing ( BA ), which currently sits at a price target of $180.

An analyst from RBC Capital persists with their Outperform rating on Boeing ( BA ), maintaining a target price of $215.

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 ( BA ) with Benzinga Pro for real-time alerts.

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