Boeing (BA) Offering Possible 44.93% Return Over the Next 13 Calendar Days

Boeing’s most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $242.50 short call and a strike $247.50 long call offers a potential 44.93% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $242.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $247.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Boeing is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Boeing is bearish.

The RSI indicator is at 42.16 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Lockheed Martin’s F-35 Wins Swiss Fighter Dogfight
Fri, 02 Jul 2021 11:47:00 +0000
Lockheed Martin’s (NYSE: LMT) F-35 fighter has beaten out rivals from Boeing (NYSE: BA) and Airbus (OTC: EADSY), among others, to capture a $6.5 billion order from Switzerland. The deal is a much-needed boost for the F-35, and a setback in Boeing’s effort to drum up sales for an alternative it says is more cost effective. The Swiss Air Force will purchase 36 F-35As to replace its aging fleet of Boeing F/A-18 Hornets and Northrop Grumman F-5 Tigers.

Airline Stocks to Buy After Boeing’s Big Deal
Thu, 01 Jul 2021 19:51:07 +0000
Which airlines stocks are winners after Boeing’s big sale?

Boeing Has a New CFO. Here’s What It Means for the Stock.
Thu, 01 Jul 2021 15:15:00 +0000
Brian West, who will succeed Greg Smith, will have to tackle strengthening the jet maker’s balance sheet and figure out how to finance a potential new jet.

United Airlines Higher on Optimism Over the Chase For Premium
Thu, 01 Jul 2021 13:35:27 +0000
By Dhirendra Tripathi

UPDATE 1-Germany says to buy Boeing maritime patrol aircraft for 1.1 bln euros
Wed, 30 Jun 2021 22:42:56 +0000
Germany will purchase five Boeing P-8A maritime patrol aircraft for about 1.1 billion euros ($1.31 billion), the defence ministry said on Wednesday, confirming a Reuters report from earlier this month. Following approval from the parliamentary budget committee, the contract will now be signed, said the ministry as Defence Minister Annegret Kramp-Karrenbauer visited her counterpart in the United States. “This procurement, with a volume of around 1.1 billion euros, serves the urgent need to maintain a capability for long-range maritime reconnaissance and airborne submarine hunting,” said the ministry.

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