Boeing Unusual Options Activity For July 31
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Boeing (NYSE:BA) has been observed in the options market. Benzinga's options scanner spotted 25 uncommon options trades for Boeing, with a sentiment split between 44% bullish and 56% bearish. The targeted price range for Boeing over the last 3 months is from $150.0 to $280.0. Analysts' ratings vary, with JP Morgan and Wells Fargo maintaining an Overweight rating, while Morgan Stanley and RBC Capital have downgraded their ratings.
July 31, 2023 | 2:31 pm
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Bearish sentiment observed in Boeing's options market could indicate a potential price drop. Analysts' ratings are mixed, adding to the uncertainty.
The bearish sentiment observed in the options market often indicates a potential price drop. However, the mixed ratings from analysts add to the uncertainty, making it difficult to predict the exact impact on Boeing's stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100