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.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI