Boeing (BA) Offering Possible 66.67% Return Over the Next 9 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 66.67% return on risk over the next 9 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 $2.00 would be kept by the premium seller. The risk of $3.00 would be incurred if the stock dropped below the $245.00 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 74.41 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

U.S. stock futures struggle for direction as investors wait for inflation data later this week
Tue, 08 Jun 2021 11:36:00 +0000
U.S. stock-index futures struggled for direction Tuesday, with investors in waiting mode ahead of another round of inflation data later in the week.

CORRECTED-UPDATE 1-Southwest Airlines orders 34 more 737 MAX aircraft from Boeing
Tue, 08 Jun 2021 11:17:49 +0000
Southwest Airlines said on Tuesday it had ordered 34 new Boeing Co 737 MAX 7 aircraft to receive in 2022, as the U.S. airline prepares for a vaccine-driven recovery in travel demand. The move lifts the carrier’s firm orders for the MAX 7 aircraft to 234 planes in total. The mass rollout of COVID-19 vaccines and easing travel restrictions have bolstered hopes of a rebound in bookings for U.S. carriers after they suffered heavy losses in 2020.

Southwest provides monthly update to reflect improving leisure passenger traffic and fares
Tue, 08 Jun 2021 10:57:42 +0000
Shares of Southwest Airlines Co. were indicated up nearly 0.5% in premarket trading Tuesday, after the air carrier provided May metrics and a June outlook that reflected improving leisure passenger traffic and fares. May revenue was down 35% from the same period in 2019, compared with a previous guidance range of down 35% to 40%, while load factor was 84%, compared with expectations of 85%. Capacity was down 18% from 2019, in line with previous estimates. For June, Southwest now expects revenue

Southwest Airlines orders 34 more 737 MAX aircraft from Boeing
Tue, 08 Jun 2021 10:51:04 +0000
Southwest Airlines said on Tuesday it had ordered 34 new Boeing Co 737 MAX 7 aircraft to receive in 2022, as the U.S. airline prepares for a vaccine-driven recovery in travel demand. The move lifts the carrier’s firm orders for the MAX 7 aircraft to 234 planes in total. The mass rollout of COVID-19 vaccines and easing travel restrictions have bolstered hopes of a rebound in bookings for U.S. carriers after they suffered heavy losses in 2020.

UPDATE 1-Airbus delivered 50 jets in May, Lufthansa rejigs A350 orders
Tue, 08 Jun 2021 09:16:26 +0000
Airbus delivered 50 airplanes in May, bringing its total so far this year to 220 jets, up 38% from the same period last year, the European planemaker said on Monday. On Tuesday, Airbus shares rose 0.5%. Airbus also confirmed an order of five A350 wide-bodied jets from Lufthansa, announced by the airline last month.

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