Q2 STOCKS TO BUY

Put Traders Target Boeing Stock After 737 Jet Crash

Put volume is running at seven times the intraday amount

Deputy Editor
Mar 21, 2022 at 10:02 AM
facebook X logo linkedin


The shares of blue-chip aerospace concern Boeing Co (NYSE:BA) are down 5.6%, last seen trading at $181.24, after one of the company's 737-800 jets being operated by China Eastern Airlines crashed this in the mountainous Guangxi region. There were a total of 132 people on board, and the number of casualties has yet to be confirmed.

Just over three years ago, Boeing stock fell from an all-time high of $446.01 after its Boeing 737 MAX jet was involved two fatal crashes in 2018 and 2019. This resulted in an extended pullback, made worse by the pandemic-induced broader-market selloff, with BA finally finding a floor at the $95 area in March 2020. The equity has had a volatile run since then, rising as high as $278.57 in March 2021 though it's lost 28% in the last 12 months.

Bearish options traders are taking note of today's news. Already, 34,000 puts have crossed the tape, which is seven times the intraday amount. Most popular are the weekly 3/25 180- and 170-strike puts, with new positions opening at both contracts.

 

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter