Boeing Sees Smart Money Betting Big on the Stock, Benzinga Reports

Financial giants have made a conspicuous bearish move on $Boeing(BA.US)$, Benzinga reported, citing eight unusual trades. About 62% of the trades showed bearish tendencies, while 25% were bullish, according to the report. Six of them were puts, with a value of $299,540, and 2 were calls, valued at $149,391, it said.

The trading activity signals investors are aiming for a price that ranges from $160 to $250 for Boeing shares over the recent three months, according to the report. The stock traded at $166.49, down 0.25% at 11:10 a.m. in New York Friday. Read the full story here: Options: Boeing Sees Smart Money Betting Big on the Stock