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Looking At Boeing's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Boeing BA.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga‘s options scanner spotted 26 uncommon options trades for Boeing.

This isn’t normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $402,670, and 18 are calls, for a total amount of $2,266,982.

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 $100.0 to $190.0 for Boeing over the last 3 months.

Volume & Open Interest Development

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 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 whale activity within a strike price range from $100.0 to $190.0 in 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 CALL TRADE BEARISH 08/19/22 $100.00 $682.0K 183 100
BA CALL TRADE BEARISH 01/19/24 $170.00 $432.3K 2.3K 187
BA CALL SWEEP BEARISH 01/20/23 $180.00 $297.0K 4.7K 202
BA CALL TRADE BEARISH 01/19/24 $170.00 $166.7K 2.3K 70
BA CALL SWEEP BEARISH 09/02/22 $160.00 $125.8K 348 101
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BA CALL TRADE BEARISH 08/19/22 $100.00 $682.0K 183 100
BA CALL TRADE BEARISH 01/19/24 $170.00 $432.3K 2.3K 187
BA CALL SWEEP BEARISH 01/20/23 $180.00 $297.0K 4.7K 202
BA CALL TRADE BEARISH 01/19/24 $170.00 $166.7K 2.3K 70
BA CALL SWEEP BEARISH 09/02/22 $160.00 $125.8K 348 101

Where Is Boeing Standing Right Now?

  • With a volume of 2,853,710, the price of BA is up 0.62% at $167.68.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 83 days.

What The Experts Say On Boeing:

  • Wells Fargo has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $210.
  • RBC Capital has decided to maintain their Outperform rating on Boeing, which currently sits at a price target of $200.
  • JP Morgan has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $188.
  • Benchmark has decided to maintain their Buy rating on Boeing, which currently sits at a price target of $200.

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.

If you want to stay updated on the latest options trades for Boeing, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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