Unpacking the Latest Options Trading Trends in Boeing
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish stance on Boeing (NYSE:BA) by significant investors, with a split of 40% bullish and 60% bearish sentiment. Benzinga's options scanner revealed 45 unusual trades, with puts outnumbering calls. The trading suggests a price range target of $135 to $300 for Boeing in the next three months. Analysis of volume and open interest for Boeing's options shows significant activity. Boeing's current stock price is down 0.81% at $168.18, with RSI indicators suggesting it may be approaching oversold territory. Analysts have set an average price target of $225, with ratings ranging from Neutral to Buy.
April 15, 2024 | 5:46 pm
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NEGATIVE IMPACT
Significant bearish options activity detected in Boeing, with a notable volume of puts. Analysts maintain a positive outlook with an average price target of $225.
The bearish sentiment among significant investors, as evidenced by the options trading activity, suggests a short-term negative impact on Boeing's stock price. However, the analysts' positive ratings and price targets indicate a belief in the company's longer-term potential. The discrepancy between the options trading sentiment and analysts' outlook may lead to increased volatility in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100