Boeing Co (NYSE:BA) stock is 2.6% higher to trade at $224.94 this morning, after the aerospace giant reported a narrower-than-expected first-quarter loss of 20 cents per share on better-than-expected revenue of $22.22 billion. The improvement was attributed to an outperforming commercial aircraft unit and broader company efforts. Boeing also said it expects 737 Max 7 and Max 10 certifications later this year.
Despite today's pop, BA is still consolidating around $225 ceiling, an area just below 2025 highs. The stock now sports a healthy 37% year-over-year gain, but is a ways off its Jan. 27 two-year high of $254.35.
Options traders have been quick on the draw, with over 28,000 calls and 16,000 puts exchanged in the first 30 minutes, volume that's four times the average intraday rate, with the weekly 230-strike call and weekly 5/29 195-strike put seeing the most attention, with opening activity detected at the latter.
The stock's Schaeffer's Volatility Scorecard (SVS) comes in at 87 out of 100. In other words, the shares have consistently realized higher volatility than its options have priced in over the past 12 months.
