Benzinga | Nov 30, 2021 04:12PM EST

Looking At Boeing's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on Boeing.

Looking at options history for Boeing (NYSE:BA) we detected 59 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50.85% of the investors opened trades with bullish expectations and 49.15% with bearish.

From the overall spotted trades, 27 are puts, for a total amount of $1,800,113.00 and 32, calls, for a total amount of $2,163,726.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $310.0 for Boeing over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Boeing's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Boeing's whale activity within a strike price range from $100.0 to $310.0 in the last 30 days.

Boeing Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestBA PUT TRADE BULLISH 01/21/ $170.00 $276.5K 9.4K 26 22BA CALL SWEEP NEUTRAL 12/10/ $185.00 $147.0K 155 23 21BA CALL SWEEP BULLISH 12/10/ $185.00 $145.5K 155 682 21BA PUT SWEEP BULLISH 06/17/ $250.00 $141.2K 7.8K 136 22BA PUT SWEEP BULLISH 06/17/ $250.00 $141.2K 7.8K 91 22

Where Is Boeing Standing Right Now?

* With a volume of 6,390,980.00, the price of BA is down -1.15% at $196.91.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 58 days.

What The Experts Say On Boeing:

* Wells Fargo upgraded its action to Overweight with a price target of $272.0

* JP Morgan upgraded its action to Overweight with a price target of $275.0

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.