Boeing Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Boeing (NYSE:BA) as indicated by unusual options activity. The sentiment among big-money traders is split between 48% bullish and 51% bearish. Whales have been targeting a price range from $165.0 to $240.0 for Boeing over the last 3 months. The price of BA is currently down -1.44% at $205.12. Susquehanna has downgraded its action to Positive with a price target of $270, while TD Cowen and Citigroup maintain their Outperform and Buy ratings respectively, with price targets of $260 and $285.
September 18, 2023 | 8:30 pm
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Unusual options activity indicates a bearish stance on Boeing. The sentiment among big-money traders is split, with 51% bearish. The price of BA is currently down -1.44% at $205.12.
The unusual options activity, with a significant 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. The fact that the price of BA is currently down -1.44% further supports this. However, the sentiment among big-money traders is split, which introduces some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100