Boeing Options Hit Top Ten on Moomoo
$Boeing (BA.US)$climbed 2% Wednesday morning after the firm reported Q1 earnings that beat expectations. The firm lost less money per share in the first quarter than expected by about $0.30. In the afternoon, the stock gain swapped to a 3% loss, sending the options contracts souring.
According to moomoo data, 347k contracts changed hands on Wednesday, sending the stock to the top ten for all U.S. stock options volume.
On the news, the BA 2490426 180C contract changed hands 16,000 times. The contract enables a holder to buy Boeing for $180/share with an exploration on Friday, April 26th, for 3C a share. The contract price fell 96% Wednesday, after peaking at $16/contract on March 22nd.
The firm's Call:Put ratio, the balance of all open interest on Boeing options, stands at 43:57.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors readCharacteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
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