Boeing (BA) Offering Possible 49.25% Return Over the Next 8 Calendar Days

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Boeing’s most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $250.00 short put and a strike $245.00 long put offers a potential 49.25% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $245.00 long put 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 up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is at 75.09 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Southwest Expects Summer Revenue Jump, Orders 34 New Boeing 737 Maxes
Wed, 09 Jun 2021 03:55:12 +0000
The waning of the coronavirus pandemic in the U.S. presents opportunities for the veteran American carrier.

Boeing lifts price tag for Air Force One contract – USAF official
Tue, 08 Jun 2021 21:42:17 +0000
Boeing received a $3.9-billion contract in July 2018 to build two 747-8 aircraft for use as Air Force One, set for delivery by December 2024. Boeing said it wanted extra time of about a year to deliver, however, Darlene Costello, the air force’s acting assistant secretary for Acquisition, told a panel of the Armed Services Committee of the House of Representatives. The planemaker also sent the Air Force a letter beginning the process to negotiate a price adjustment for the jets, Costello added.

UPDATE 2-Boeing lifts price tag for Air Force One contract – USAF official
Tue, 08 Jun 2021 21:34:48 +0000
Boeing Co has told the U.S. Air Force that the price of the next-generation presidential aircraft could rise, and sought more time to deliver it, citing difficulties with COVID-19 and a subcontractor, an Air Force official said on Tuesday. Boeing received a $3.9-billion contract in July 2018 to build two 747-8 aircraft for use as Air Force One, set for delivery by December 2024. Boeing said it wanted extra time of about a year to deliver, however, Darlene Costello, the air force’s acting assistant secretary for Acquisition, told a panel of the Armed Services Committee of the House of Representatives.

S&P 500 and Nasdaq finish slightly higher while investors look for inflation clues
Tue, 08 Jun 2021 20:28:00 +0000
The S&P 500 and Nasdaq closed slightly higher Tuesday but investors remained in a wait-and-see mode ahead of another round of inflation data later in the week, with the U.S. economy recovering, while equity market valuations remain high.

Boeing’s Jet-Refueling Drone Is Amazing, but Not Enough to Lift the Stock
Tue, 08 Jun 2021 20:25:00 +0000
The stock traded higher early Tuesday, after the company’s drone refueling aircraft completed a successful test.

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