How Large Option Traders Are Playing Boeing As Order Backlog Shrinks Further

Boeing Co’s (NYSE: BA) order backlog continues to shrink on a monthly basis.A flurry of large Boeing option trades have been mixed in nature this week as investors struggle to determine whether or not Boeing can right the ship in the coming months.The Boeing Trades: On Tuesday morning, Benzinga Pro subscribers received 16 option alerts related to unusually large trades of Boeing Airlines options. Here are a handful of the biggest: * At 10:31 a.m., a trader bought 600 Boeing call options with a $160 strike price expiring on Nov. 20 near the ask price at $13.621. The trade …read more

Source:: Yahoo Finance

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