Cabin Smoke Sparks Put Buying in Boeing (BA)

| January 7, 2013 | 0 Comments More

Boeing (BA) drops $1.63 to $76.06 and is weighing on the Dow on reports of a cabin fire on a parked Dreamliner plane – Link to Story. Weekly 77.5 and 75 puts are the most active in options today and seeing opening activity. The fire was reportedly in a compartment with batteries and other electrical equipment — Briefing. 4190 calls and 8200 puts traded on BA and implied volatility in the options, which Friday fell below 17 and made a stab at 52-week lows (near 16), is up 12.5 percent to 19.

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Category: All Stocks, Industrial Goods & Services, Large Cap Stocks

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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.