Boeing Shares Down 2.05%, Options Sentiment Mixed Amid Relatively Light Trading.

Boeing (BA) shares are down 2.05% at $230.44, with relatively light options volume of 15k contracts. Calls lead puts for a put/call ratio of 0.82, and implied volatility is higher by 0.5 points at 27.26, suggesting an expected daily move of $3.96. The put-call skew is flattened, indicating a modestly bullish tone.

Boeing (BA) shares have decreased by 2.05% to $230.44, reflecting a relatively light options volume of 15,000 contracts traded. The put-call ratio stands at 0.82, indicating a slight lead for calls over puts. Implied volatility is higher by 0.5 points, reaching 27.26, suggesting an expected daily move of $3.96. The flattened put-call skew suggests a modestly bullish tone in the market.

Despite the recent dip, Boeing's stock performance has been bolstered by its operational recovery, particularly in the 737 MAX and 787 programs. In July 2025, Boeing booked 31 orders, including 30 single-aisle and one wide-body airplane valued at $1.7 billion [1]. This includes an unidentified customer ordering one Boeing 787-8 and another customer ordering 30 Boeing 737 MAX airplanes.

The month saw several order book mutations, with Chinese airlines being identified as customers, indicating potential delivery activity. Boeing also saw order conversions within the 787 family, such as Hawaiian Airlines converting five 787-9 orders to 787-10s [1]. These shifts suggest Boeing is focusing on higher-value models within its 787 line.

Boeing delivered 48 airplanes in July, consisting of 37 single-aisle and 11 wide-body airplanes valued at $3.5 billion. This includes 37 Boeing 737 MAX airplanes and eight Boeing 787 airplanes [1]. The company's delivery rate has been notably higher compared to other months in 2025, driven by increased production rates on the 737 MAX and 787 programs.

Investors' sentiment towards Boeing has been mixed, with some institutional investors reducing their stakes. TriaGen Wealth Management LLC, for instance, reduced its stake by 81.5% in the first quarter, while American National Bank & Trust increased its stake by 474.1% [3]. This mixed sentiment is reflected in the relatively light options volume and the higher implied volatility.

In conclusion, while Boeing's stock has experienced a recent dip, its operational recovery and delivery cadence indicate a positive outlook. The mixed options sentiment and higher implied volatility suggest a cautious but bullish tone among investors.

References:
[1] https://seekingalpha.com/article/4814546-boeing-wins-on-airplane-delivery-cadence
[2] https://www.tipranks.com/news/the-fly/mixed-options-sentiment-in-boeing-with-shares-down-2-05-thefly
[3] https://www.marketbeat.com/instant-alerts/filing-triagen-wealth-management-llc-has-398000-position-in-the-boeing-company-nyseba-2025-08-17/