Boeing Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Boeing (NYSE:BA) has been observed through unusual options activity. The sentiment among big-money traders is split between 32% bullish and 67% bearish. The whales have been targeting a price range from $60.0 to $300.0 for Boeing over the last 3 months. The price of BA is currently down -2.01% at $187.83. Analysts from Susquehanna and Deutsche Bank have downgraded their actions while Citigroup maintains a Buy rating.
October 02, 2023 | 8:15 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Boeing. The price of BA is currently down -2.01% at $187.83.
The unusual options activity, with a significant bearish sentiment, indicates that traders are expecting the price of Boeing to decrease. This, combined with the current price drop of -2.01%, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100