Possibly, many binary traders are eager to see whether the binary option on The Boeing Company (NYSE:BA) will blast off today. The breaking news about the historical for the company deal worth $14.7 billion succeeded to sweep up the share price resulting in increased demand on binary options on BA. As oppose to many expectations, within last two trading sessions the underlying asset has been traded in a weak volume, ruled by investors’ uncertainty.
Boeing released an order for 150 737 airplanes last Thursday. The order has been done by United Continental Holdings, Inc. (NYSE:UAL) and its subsidiary United Air Lines, Inc.
The deal is of significant meaning not only for company’s operations, but for its shareholders too. On the one side, it becomes a natural follow up of operational plans of all parties involved, renewing the partnership between BA and UAL for decades to come. Moreover, the good prospective for the company started to be measured as increased shareholders’ value.
Following the news, the stock of Boeing swiped up at the end of the last week to close at $73.51 per share.
Within last two trading sessions BA calmed although the brilliant performance on Friday, possibly unexpectedly for some traders. On Monday, like to express investors’ uncertainty about the fair value of company’s stock, on the price chart has been formed a heavy red hammer.
BA closed the market yesterday at $73.11 returning back to levels from the days when the historical for the company news have been announced. In addition, the trading volume has been almost twice less than the daily average for the company.
For sure, binary options traders will have good opportunities today to bet on BA binary. Considering the wide diapason of BA options’ chain it may be really hard to predict what would be the most probable trading channel for the forthcoming session. The strike price of the BA option chain with an expiration date this Saturday at which are executed trades varies as follows:
- For “Calls” – from $65 to $80 with a highest demand at $72.50 per share.
- For “Puts” – from $65 to $77.50 with a highest demand at $72.50 per share.
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.