Today, Benzinga’s options scanner spotted 12 uncommon option trades for Boeing. The general sentiment is that 50.0% of big traders are bullish on the stock and 50.0% bearish. Of all the special options found by our algorithm, 2 are put options, totaling $ 97,680, and 10, calls, totaling $ 1,590,269.
What is the target price?
Considering the volume and open interest on these contracts, it looks like smart money is targeting a price range of $ 220.0 to $ 320.0 for Boeing in the past 3 months.
Development of volume and open interest
In terms of liquidity and interest, total open interest for Boeing’s big money options trades today is 28,511 with a total volume of 40,073.
In the following chart, we are able to follow the evolution of volume and open interest of call and put options for large Boeing trades within a strike price range of $ 220.0 to $ 320.0 in the last 30 days.
Volume of Boeing options and open interest during the last 30 days
The biggest options spotted:
|symbol||PLACE / CALL||Type of business||Feeling||Exp. Dated||Strike price||Total trade price||Open interest||Volume|
|BA||CALL||TRADE||BULLISH||11/19/21||$ 250.00||$ 747.4K||12.9K||5.5K|
|BA||CALL||TO SWEEP UP||BULLISH||11/19/21||$ 250.00||$ 219.7K||12.9K||2.2K|
|BA||CALL||TO SWEEP UP||BULLISH||11/19/21||$ 250.00||$ 127.5K||12.9K||1.2K|
|BA||CALL||TO SWEEP UP||DECREASE||11/19/21||$ 250.00||$ 116.3K||12.9K||6.9K|
|BA||CALL||TO SWEEP UP||BULLISH||11/19/21||$ 250.00||$ 90.0K||12.9K||422|
Where is Boeing located now?
- With a volume of 5,021,973, the price of BA is down -0.64% over the last 24 hours to $ 222.98.
- RSI indicators suggest that the underlying stock could be close to overbought.
- The next results should be published in 21 days.
What the experts say about Boeing:
- Bernstein improved his stock to outperform with a price target of $ 279.0
- UBS has decided to maintain its buy rating on Boeing, which currently sits at a price target of $ 290.0.
Options are a riskier asset compared to just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and closely following the markets. If you’re already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to strengthen your investing and trading strategy.