Bullish options flow was detected in BA stock on December 6, 2019.
Investors are betting that the Federal Aviation Administration will lift the grounding of the 737 MAX within the next week or two.
Also, with trade talks supposedly progressing between the U.S. and China, Boeing will be a big beneficiary of any trade deal. China accounted for about 20% of the company’s commercial aircraft deliveries in 2017, but orders dropped to zero last year because of the trade dispute. This is the first time since 2002 that Boeing has not received a Chinese order. Existing competitors alone can’t meet China’s needs so expect Boeing stock performance to closely track the ebb and flow of trade negotiations.
The alert price is $353.35.