Boeing Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Boeing (NYSE:BA), with a roughly equal split between bullish and bearish expectations. The trades include 5 puts worth $224,855 and 21 calls worth $1,020,051. The targeted price range for Boeing over the last 3 months has been $100.0 to $280.0. Current price of BA is $238.52, up 0.2%. Analysts from JP Morgan, Wells Fargo, Citigroup maintain positive ratings while Morgan Stanley and RBC Capital have downgraded their ratings.
August 09, 2023 | 5:46 pm
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Boeing has seen significant unusual options activity, with a balance between bullish and bearish trades. The current price is $238.52, with a targeted range of $100-$280. Analyst ratings are mixed.
The unusual options activity indicates a high level of interest in Boeing's stock, which could lead to increased volatility. The equal split between bullish and bearish trades suggests uncertainty about the company's future performance. The mixed analyst ratings further contribute to this uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100