Smart Money Is Betting Big In Boeing Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Boeing (NYSE:BA) options, as observed by Benzinga's options scanner. Out of 13 options trades, 12 were puts totaling $1,146,653, and only 1 was a call for $35,000. The projected price targets for Boeing range from $135 to $205 over the next three months. The current market price of BA is $166.6, down 0.78%, with RSI indicators suggesting it may be oversold. Analysts have mixed ratings, with an average price target of $214.25.
August 12, 2024 | 2:01 pm
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Significant investors are taking a bearish stance on Boeing (NYSE:BA) options, with 12 out of 13 trades being puts. The projected price range is $135 to $205 over the next three months. The current price is $166.6, down 0.78%. Analysts have mixed ratings with an average target of $214.25.
The predominance of bearish options trades suggests that significant investors expect Boeing's stock price to decline in the short term. The current market price is down, and RSI indicators suggest it may be oversold. Mixed analyst ratings add to the uncertainty, but the overall sentiment from options trading is bearish.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100