Boeing's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Boeing (NYSE:BA) has seen a significant amount of options activity, with an equal split between bullish and bearish sentiment among investors. There were 20 trades detected, with 2 puts totaling $92,625 and 18 calls totaling $993,849. The options market is indicating a price target range for Boeing between $110.0 and $225.0. The most notable options trades include both bullish and bearish positions with various expiration dates and strike prices. Boeing's stock is currently trading at $208.22, up 0.36%, with a high RSI that may suggest it is overbought. The next earnings report is due in 70 days.
November 15, 2023 | 3:45 pm
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Boeing has experienced a flurry of options activity, with a balanced mix of bullish and bearish sentiment. The price target range based on options activity is between $110 and $225. The stock is slightly up with potential overbought conditions indicated by the RSI.
The options activity on Boeing shows a balanced sentiment, which does not provide a clear directional signal for the stock price. The high RSI may indicate a short-term pullback, but with the next earnings report not due for another 70 days, the impact is likely to be moderate. The large volume of calls suggests some optimism, but the presence of bearish sentiment tempers expectations for a significant short-term price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100