Benzinga | Jan 12, 2022 11:06AM EST

Boeing Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Boeing (NYSE:BA).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BA, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 34 options trades for Boeing.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $35,100, and 33, calls, for a total amount of $2,566,923..

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 $230.0 for Boeing over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Boeing options trades today is 6941.3 with a total volume of 335,585.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Boeing's big money trades within a strike price range of $100.0 to $230.0 over 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 CALL SWEEP NEUTRAL 06/17/ $220.00 $452.3K 3.5K 474 22BA CALL SWEEP NEUTRAL 01/14/ $220.00 $230.9K 7.8K 2.2K 22BA CALL SWEEP NEUTRAL 01/14/ $220.00 $190.5K 7.8K 15.3K 22BA CALL SWEEP BULLISH 01/14/ $217.50 $151.2K 3.1K 2.3K 22BA CALL TRADE BEARISH 06/17/ $220.00 $141.7K 3.5K 992 22

Where Is Boeing Standing Right Now?

* With a volume of 3,917,031, the price of BA is up 0.94% at $218.06.

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

* Next earnings are expected to be released in 14 days.

What The Experts Say On Boeing:

* B of A Securities has decided to maintain their Neutral rating on Boeing, which currently sits at a price target of $220.

* JP Morgan has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $270.

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.