Looking At Boeing's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Boeing (NYSE:BA) has been observed in recent unusual options activity. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $100.0 to $260.0 for Boeing over the last 3 months. TD Cowen has maintained their Outperform rating on Boeing, with a price target of $260.
September 08, 2023 | 6:30 pm
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NEGATIVE IMPACT
Unusual options activity with a bearish stance has been observed for Boeing. The sentiment among big-money traders is split, with a slight lean towards bearish. TD Cowen maintains an Outperform rating.
The unusual options activity, particularly the bearish stance, indicates that there may be a negative sentiment towards Boeing. This could potentially lead to a decrease in the stock price in the short term. Additionally, the split sentiment among big-money traders further adds to the uncertainty. However, TD Cowen's maintained Outperform rating suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100