Boeing Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Boeing (NYSE:BA) has been observed through unusual options activity. The sentiment among these big-money traders is split evenly between bullish and bearish. The whales have been targeting a price range from $145.0 to $235.0 for Boeing over the last 3 months. Currently, the price of BA is up 1.32% at $213.7. Bernstein and RBC Capital have downgraded their actions on Boeing with price targets of $252 and $220 respectively.
July 05, 2023 | 4:46 pm
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Unusual options activity indicates a significant bullish stance on Boeing. The price of BA is currently up, but Bernstein and RBC Capital have downgraded their actions with lower price targets.
The unusual options activity indicates that there is significant interest in Boeing's stock, which could potentially drive the price up. However, the downgrades from Bernstein and RBC Capital suggest that they believe the stock is currently overvalued, which could lead to a decrease in price. Therefore, the short term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100