Production Boost, Quarterly Win Send Boeing Stock Flying

Options volume is today running at 12 times the intraday average

Digital Content Manager
Jul 26, 2023 at 10:16 AM
facebook X logo linkedin

Boeing Co (NYSE:BA) reported slimmer-than-expected second-quarter losses of 82 cents per share and a revenue beat of $19.75 billion this morning, thanks to strong deliveries. The blue-chip company also said it would boost monthly production of its 737 MAX narrowbody jets to 38 from 31.

Last seen up 5.9% at $226.72, Boeing stock is breaking through overhead pressure at the $220 region to trade at its highest level since January 2022. BA has added more than 60% over the last nine months, and is today bouncing off support from its 60-day moving average.

Options traders have been extremely bullish of late. Over at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), BA's 50-day call/put volume ratio of 2.85 stands ranks than all readings from the last 12 months. 

Drilling down to today's options activity, 72,000 calls and 19,000 puts have been exchanged so far, or 12 times the intraday average volume. Most popular is the weekly 7/28 225-strike call, where new positions are being bought to open.


How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.