Boeing Co. (BA) is trading down .33 to 74.99. ?BA is trading $3 off of its 52-week highs.
Paper bought the BA May/Aug 77.5 call spread for 1.18 in large blocks of 19,000 contracts in May and 15,000 contacts in Aug.? Average volume is over 26,570 contracts per day.? Open interest is over 26,000 contracts in May and 2,600 in August.? The implied volatility in August is up .3 of a point.? The trade looks to be rolling a long call position.
30-day implied volatility is 22%.?? 10-day implied volatility is 27%.? 30-day implied volatility is trading just under the 10 day historical volatility.?
The Boeing Company (BA) is an aerospace company. The Company operates in five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital Corporation (BCC). Boeing Defence, Space & Security (BDS) consists of three capabilities-driven businesses: BMA, N&SS and GS&S. Its Other segment includes the unallocated activities of engineering, operations and technology (EO&T) and Shared Services Group (SSG), as well as intercompany guarantees provided to BCC. EO&T provides Boeing with technical and functional capabilities, including information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management.