Boeing (BA) Offering Possible 39.86% Return Over the Next 28 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $210.00 short put and a strike $200.00 long put offers a potential 39.86% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $2.85 would be kept by the premium seller. The risk of $7.15 would be incurred if the stock dropped below the $200.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Boeing is bullish and the probability of a rise 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 73.76 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

UPDATE 2-Cautious Airbus forecast disappoints after 2020 loss
Thu, 18 Feb 2021 06:31:46 +0000
Rival Boeing, mired in a separate crisis over thegrounding of its 737 MAX that saw Airbus reclaim the title oflargest global jetmaker, is not yet giving detailed views. But analysts expressed concerns that the deliberatelycautious delivery forecast from Airbus jarred with the samecompany's plans to start unwinding cuts in jet production,albeit at a slower pace than initially planned. Shares in Airbus fell 3.4% in early trading.

Cautious Airbus forecast disappoints after 2020 loss
Thu, 18 Feb 2021 06:18:21 +0000
European planemaker Airbus axed its dividend for a second year and predicted flat deliveries this year as it braces for more coronavirus uncertainty after posting a 2020 loss. Rival Boeing, mired in a separate crisis over the grounding of its 737 MAX that saw Airbus reclaim the title of largest global jetmaker, is not yet giving detailed views. But analysts expressed concerns that the deliberately cautious delivery forecast from Airbus jarred with the same company's plans to start unwinding cuts in jet production, albeit at a slower pace than initially planned.

Boeing Replaces Two More Directors as Part of Its Post-737 MAX Crisis Overhaul
Thu, 18 Feb 2021 03:00:00 +0000
Boeing (NYSE: BA) said late Wednesday that two of its directors are retiring. This is the latest development in the aerospace giant's response to criticism over its handling of the 737 MAX crisis. Boeing said that Arthur Collins Jr., a board member since 2007, and Susan Schwab, a director since 2010, would not stand for reelection.

UPDATE 1-Boeing reminds pilots to monitor planes closely following Indonesia crash-bulletin
Thu, 18 Feb 2021 00:56:48 +0000
Boeing Co issued a technicalbulletin to airlines reminding them to ensure pilots closelymonitor the airplane's state and flight path to prevent a lossof control in flight, according to a document seen by Reuters. The bulletin, dated Feb. 15., was sent after Indonesiaissued a preliminary report into a Jan. 9 Sriwijaya Air crashthat killed all 62 people on board a 737-500. It was not explicitly linked to that crash and covers allmodern Boeing models but it addresses one of the potential areasof interest for investigators following the accident, pendingthe discovery of the cockpit voice recorder memory unit.

Boeing-Backed Aerion Is in Talks for Altitude SPAC Listing
Thu, 18 Feb 2021 00:21:48 +0000
(Bloomberg) — Aerion Corp., which designs supersonic planes, is in talks to go public through a merger with Altitude Acquisition Corp., according to people with knowledge of the matter.The companies are discussing a deal that would value the combined firm at up to $3 billion, said the people, who asked to not be identified because the matter isn’t public. A deal could be announced as soon as this month, the people said.The talks could still fall apart and end without an agreement, they said.A spokesperson for Aerion, based in Reno, Nevada, declined to comment. A representative for Altitude Acquisition didn’t immediately respond to a request for comment.Aviation giant Boeing Co. announced a partnership with Aerion in 2019, along with a significant investment in the company, according to a statement at the time. Aerion had planned to finalize the design of its first supersonic business jet model last year, according to its website. Manufacture of the AS2 will start in 2023 with plans for it to be in service in 2027.Altitude Acquisition, a special purpose acquisition company, or SPAC, raised $300 million in an initial public offering in December to pursue acquisitions in travel-related businesses, its prospectus shows. Its sponsors have since filed for two more SPAC listings seeking to raise a combined $550 million, according to filings.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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