Boeing (BA) Offering Possible 52.67% Return Over the Next 28 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $230.00 short call and a strike $240.00 long call offers a potential 52.67% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $3.45 would be kept by the premium seller. The risk of $6.55 would be incurred if the stock rose above the $240.00 long call 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 down which suggests that the medium-term momentum for Boeing is bearish.

The RSI indicator is at 36.68 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Boeing

UPDATE 1-U.S. flying taxi startup steps up legal pressure on rival over trade secrets
Thu, 20 May 2021 01:23:07 +0000
Wisk Aero, a flying taxi startup backed by Boeing and Google co-founder Larry Page's Kitty Hawk Corp, asked a California court on Wednesday to stop the alleged use of its trade secrets by rival Archer Aviation and said it was cooperating with a criminal U.S. probe. Wisk and Archer, a special purpose acquisition company (SPAC) whose investors include United Airlines, compete in the increasingly crowded market for electric vertical takeoff and landing aircraft, or eVTOLs. Wisk's motion for a preliminary injunction and hearing on July 7 is part of its ongoing litigation against Archer, which it accuses of stealing trade secrets and infringing on its patents as the new Palo Alto-based SPAC seeks to certify its eVOTL aircraft by 2024.

UPDATE 1-United, American carry out repairs on Boeing 737 MAX planes
Wed, 19 May 2021 21:16:28 +0000
United Airlines said Wednesday it has completed repairs on its 17 Boeing 737 MAX planes that were grounded over an electrical problem, while American Airlines said it has completed repairs on 14 of 18 737 MAX planes in its fleet. Boeing last Wednesday sent affected carriers service bulletins on how to address the production issue that could have interfered with some critical systems after the fixes were approved by the Federal Aviation Administration.

Boeing Is Delivering 737 MAX Planes Again
Wed, 19 May 2021 21:04:00 +0000
Boeing (NYSE: BA) has reportedly resumed 737 MAX deliveries after receiving regulatory approval for a fix to a potential electrical grounding problem. While the problem was always considered minor, the optics for Boeing were not great. The 737 MAX was grounded from March 2019 until November 2020 due to separate issues involving the airplane's control systems.

4 Dow Jones Stocks To Buy And Watch In May 2021: Apple Slashes Losses
Wed, 19 May 2021 20:41:33 +0000
The Dow Jones Industrial Average remain near record highs at the end of April, as the current stock market rally continues. The best Dow Jones stocks to buy and watch in May 2021 are Apple, Boeing, Disney, Goldman Sachs and Microsoft.

United, American carry out repairs on Boeing 737 MAX planes
Wed, 19 May 2021 19:36:38 +0000
WASHINGTON (Reuters) -United Airlines said Wednesday it has completed repairs on its 17 Boeing 737 MAX planes that were grounded over an electrical problem, while American Airlines said it has completed repairs on 14 of 18 737 MAX planes in its fleet. Boeing last Wednesday sent affected carriers service bulletins on how to address the production issue that could have interfered with some critical systems after the fixes were approved by the Federal Aviation Administration. The action was a relief for American carriers, which have more than 65 of the 109 aircraft affected worldwide and were eager to get planes back into the air before the summer travel season.

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