Followers | 686 |
Posts | 142929 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
![](https://investorshub.advfn.com/uicon/35728.png?cb=1539773763)
Wednesday, April 27, 2022 10:41:10 AM
By: Schaeffer's Investment Research | April 27, 2022
• Boeing also paused production of its 777X plane
• BA is trading at 17-month lows
The shares of Boeing Co (NYSE:BA) are down 7.1% to trade at $155.20 this morning, after posting first-quarter earnings and revenue that missed Wall Street's expectations. The top- and bottom-line misses were chalked up to delays in its commercial airplane and defense development programs, as well as charges related to the war in Ukraine. In addition, the company said the production of its 777X plane has been paused, with deliveries expected to start in 2025 -- more than a year later than previously forecasted.
Options traders are already chiming in today. So far, 51,000 calls and 55,000 puts have crossed the tape, which is six times what is typically seen at this point, with volume pacing in the 100th percentile of its annual range. Most popular is the weekly 4/29 150-strike put, followed by the 155-strike put in the same series, with new positions being opened at both contracts.
A broader look shows this penchant for bearish bets is nothing new. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), BA's 50-day put/call volume ratio of stands higher than 93% of readings from the past year. This means that while calls are still outnumbering puts on an overall basis, puts have been getting picked up at faster-than-usual clip.
On the charts, Boeing stock is now trading at its lowest level since November 2020. Now facing pressure from every notable short- and long-term moving average, the equity is on track to lock in its biggest monthly percentage loss since the March 2020 broader market pullback. Over the last 12 months, BA is down 35.4%.
Read Full Story »»»
![](http://studentaid.gov/universal-navigation/assets/us_flag_small.png)
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent BA News
- NBA Signs Billion Dollar Broadcast Deal, CrowdStrike Criticized for Insufficient Reward, Honda Shuts Down Chinese Factory • IH Market News • 07/25/2024 10:15:46 AM
- Boeing Provides Digital Flight Operations Solution for Ryanair • PR Newswire (US) • 07/24/2024 12:00:00 PM
- Meta Unveils Llama 3 AI Model, Elon Musk’s X Poll Backs Tesla’s $5B xAI Investment, and More • IH Market News • 07/24/2024 09:53:32 AM
- Qatar Airways Announces Order for 20 More Boeing 777-9 Passenger Jets • PR Newswire (US) • 07/23/2024 01:54:00 PM
- Qatar Airways Announces Order for 20 More Boeing 777-9 Passenger Jets • PR Newswire (US) • 07/23/2024 01:47:00 PM
- Macquarie AirFinance Places First Boeing Order with Purchase of 20 737 MAX Jets • PR Newswire (US) • 07/23/2024 12:30:00 PM
- Macquarie AirFinance Places First Boeing Order with Purchase of 20 737 MAX Jets • PR Newswire (US) • 07/23/2024 12:22:00 PM
- Johnson Controls Division Sold for $8 Billion; Alphabet’s Offer Rejected by Wiz; AMD President Announces Retirement • IH Market News • 07/23/2024 10:00:52 AM
- BAE Systems to Deliver Advanced Microelectronics to U.S. Defense Industrial Base • Business Wire • 07/22/2024 04:00:00 PM
- Boeing Projects Global Need for Nearly 2.4 Million New Commercial Pilots, Technicians, Cabin Crew • PR Newswire (US) • 07/22/2024 03:00:00 PM
- Lufthansa Technik, Boeing Sign License Agreement for 787 Dreamliner Cabin Modifications • PR Newswire (US) • 07/22/2024 12:46:00 PM
- Japan Airlines Will Modernize Fleet with up to 20 More Boeing 787 Dreamliners • PR Newswire (US) • 07/22/2024 12:13:00 PM
- Japan Airlines Will Modernize Fleet with up to 20 More Boeing 787 Dreamliners • PR Newswire (US) • 07/22/2024 12:07:00 PM
- Luxair Selects Largest Boeing 737 MAX Model, Buying up to 4 737-10 Jets • PR Newswire (US) • 07/22/2024 11:19:00 AM
- Luxair Selects Largest Boeing 737 MAX Model, Buying up to 4 737-10 Jets • PR Newswire (US) • 07/22/2024 11:12:00 AM
- Korean Air Commits to Up to 50 Boeing Widebodies to Strengthen Future Long-Haul Fleet • PR Newswire (US) • 07/22/2024 10:33:00 AM
- National Airlines Selects Four Boeing 777 Freighters to Expand Global Fleet • PR Newswire (US) • 07/22/2024 10:15:00 AM
- Korean Air Commits to Up to 50 Boeing Widebodies to Strengthen Future Long-Haul Fleet • PR Newswire (US) • 07/22/2024 10:10:00 AM
- Berkshire Sells BofA Holdings, Ryanair Shares Drop 12%, Delta Still Struggling After IT Disruption • IH Market News • 07/22/2024 09:44:17 AM
- National Airlines Selects Four Boeing 777 Freighters to Expand Global Fleet • PR Newswire (US) • 07/22/2024 09:29:00 AM
- Boeing Forecasts Demand for Nearly 44,000 New Airplanes Through 2043 as Air Travel Surpasses Pre-Pandemic Levels • PR Newswire (US) • 07/19/2024 11:00:00 PM
- Microsoft Shares Drop 2% and CrowdStrike Plunges 21% Pre-Market Following Major Global Outage • IH Market News • 07/19/2024 10:01:22 AM
- Darden Acquires Chuy’s for $605M, BYND Drops 14% Amid Debt Restructuring, Petco Appoints Ex-Five Below CEO • IH Market News • 07/18/2024 09:59:44 AM
- Boeing Delivers Rocket Stage to NASA, Will Launch First Humans Around the Moon Since Apollo • PR Newswire (US) • 07/16/2024 09:24:00 PM
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM