Market Whales and Their Recent Bets on Boeing Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bullish stance on Boeing (NYSE:BA) with significant call option trades. Despite a recent downgrade by Wells Fargo, options trading indicates a focus on a price range of $95 to $180. Boeing's stock is currently trading at $156.89, with an RSI suggesting it may be approaching oversold territory.
September 18, 2024 | 2:17 pm
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Boeing has seen a bullish trend in options trading, with significant call options indicating investor confidence. However, Wells Fargo downgraded the stock to 'Underweight' with a $119 target, suggesting caution.
The bullish options activity suggests positive sentiment among investors, but the downgrade by Wells Fargo introduces a conflicting view, leading to a neutral short-term impact. The focus on a wide price range ($95-$180) indicates uncertainty.
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