Market Whales and Their Recent Bets on Boeing Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bearish stance on Boeing (NYSE:BA) through recent options trades, with a sentiment split of 39% bullish and 60% bearish. Benzinga's options scanner identified 23 unusual trades, indicating a price target range of $170.0 to $265.0 for Boeing. The largest trades include both bullish and bearish sentiments on calls with expiration dates ranging from 2024 to 2025. Boeing's current stock price is slightly up at $201.45, with the next earnings expected in 56 days.
February 28, 2024 | 5:45 pm
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NEUTRAL IMPACT
Whales' bearish stance and unusual options activity on Boeing indicate potential volatility. The price target range is $170-$265, with current stock price at $201.45.
The bearish sentiment among market whales, combined with the significant volume of options trades, suggests that there may be insider knowledge or expectations of future price movements. However, the mixed sentiment (39% bullish, 60% bearish) and the current neutral stock status (price slightly up, RSI neutral) make the short-term impact uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100