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 bearish stance being taken by a majority of investors. Of the 20 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $3,339,844 and for calls was $620,725. Whales have been targeting a price range from $167.5 to $230.0 for Boeing over the last 3 months. UBS and Deutsche Bank have downgraded their actions on Boeing, while Wells Fargo maintains an Overweight rating.
October 24, 2023 | 2:01 pm
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Boeing has seen unusual options activity with a majority bearish stance. Whales have been targeting a price range from $167.5 to $230.0. UBS and Deutsche Bank have downgraded their actions on Boeing, while Wells Fargo maintains an Overweight rating.
The bearish stance taken by a majority of investors in the unusual options activity indicates a negative sentiment towards Boeing. This, coupled with the downgrades by UBS and Deutsche Bank, could potentially lead to a decrease in Boeing's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100