Boeing (BA) Offering Possible 28.21% Return Over the Next 36 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $355.00 short put and a strike $345.00 long put offers a potential 28.21% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $355.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $7.80 would be incurred if the stock dropped below the $345.00 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 64.19 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

UPDATE 2-Indonesia waiting on major global aviation regulators for return of 737 MAX – official
Wed, 13 Nov 2019 07:15:21 +0000

Boeing Commercial Airplanes CEO replaces top communications executive
Wed, 13 Nov 2019 00:48:47 +0000
Mills' exit comes on the eve of a visit to the 737 Max factory in Renton by Stan Deal, the new Boeing Commercial Airplanes CEO.

UPDATE 1-Boeing pilot who exchanged leaked 737 MAX simulator messages changes jobs-sources
Wed, 13 Nov 2019 00:23:13 +0000
One of two Boeing Co technical pilots who described flaws in a crucial flight control system in leaked 2016 instant messages has been transferred to a new job at the U.S. planemaker, two people familiar with the matter said on Tuesday. Boeing shares tumbled after the conversation between the employee, Patrik Gustavsson, and then-chief technical pilot Mark Forkner became public on Oct. 18. The comments by Forkner, who has since left Boeing, were among those pinpointed by U.S. lawmakers in hearings in Washington as evidence Boeing knew about problems with flight control software well before two crashes of its 737 MAX aircraft in October 2018 and March 2019 killed 346 people.

Some U.S. airlines willing to take 737 MAX jets before pilot training approval: sources
Tue, 12 Nov 2019 23:01:24 +0000
Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said. Hundreds of 737 MAX jets have rolled off Boeing's Seattle production line in the months since two fatal crashes on the aircraft led to a global safety ban, forcing the planemaker to park un-flown jets at facilities across Washington state until regulators approve software and training updates. Boeing on Monday said the FAA could issue an order approving the plane's return to service in December, even though approval for training changes would take more time.

Jet buyers drop Boeing 737 Max orders in favor of bigger jets
Tue, 12 Nov 2019 22:27:13 +0000
In October, Boeing delivered 20 commercial airplanes, including three 767s, three 777s, one 747, 12 Dreamliners and one 737 Next Generation jet.

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