Boeing Surges to 52-Week High on Delivery Momentum and Bullish Technicals

Summary
• Boeing (BA) surges 2.45% to $245.69, hitting a 52-week high of $247.40
• Q4 deliveries reach 600 aircraft, the most since 2018, outpacing Airbus in net orders
• Technicals show RSI at 84.91 and MACD above signal line, signaling strong momentum
• Options chain sees heavy volume in 245/252.5 call spreads, reflecting bullish positioning

Boeing’s intraday rally reflects a confluence of strong delivery data, sector outperformance, and technical confirmation. With the stock trading near its 52-week high and key technical indicators aligning with bullish momentum, the aerospace giant’s turnaround narrative is gaining traction. This surge follows a strategic shift under CEO Kelly Ortberg, with 2025 deliveries and orders signaling renewed confidence in Boeing’s commercial and defense segments.

Q4 Delivery Surge and Order Momentum Drive Boeing's Rally
Boeing’s 2.45% intraday gain to $245.69 is fueled by its 2025 delivery and order performance. The company delivered 600 aircraft last year, the most since 2018, and secured 1,173 net orders—surpassing Airbus’ 889. This outperformance, coupled with a $30 787 Dreamliner order from Delta and 105 737 Max deals with Alaska, signals a recovery in Boeing’s commercial aviation division. Defense and space segments also benefit from a $2 billion B-52J engine upgrade contract. The stock’s surge aligns with a broader sector rally, as investors bet on Boeing’s ability to sustain production gains and reduce debt.

Aerospace & Defense Sector Rally as Boeing Outperforms Peers
The Aerospace & Defense sector is in sync with Boeing’s rally, led by Lockheed Martin (LMT) up 1.17%. Boeing’s 2.45% gain outpaces peers like RTX (+0.23%) and Northrop Grumman (-0.81%), reflecting its unique positioning in both commercial and defense markets. The sector’s strength is driven by global defense spending and Boeing’s recent order wins, which validate its turnaround strategy. While LMT and others face production bottlenecks, Boeing’s 600-aircraft delivery milestone and 787 demand highlight its competitive edge.

BOEU and Call Options Highlight Aggressive Bullish Play
• RSI: 84.91 (overbought)
• MACD: 8.42 (above signal line 6.78)
• 200D MA: $207.21 (well below current price)
• Bollinger Bands: Price at $245.69, above upper band $239.49

Boeing’s technicals confirm a strong short-term bullish trend. The stock is trading above its 200-day MA and key moving averages, with RSI near overbought territory. The Direxion Daily BA Bull 2X Shares (BOEU) offers 5.69% leverage, ideal for aggressive bulls. For options, the BA20260123C245 and BA20260123C252.5 contracts stand out:

• BA20260123C245 (Call, $245 strike, Jan 23 expiry):
- IV: 26.15% (moderate)
- Leverage Ratio: 47.33% (high)
- Delta: 0.56 (moderate sensitivity)
- Theta: -0.7058 (rapid time decay)
- Gamma: 0.0353 (high sensitivity to price moves)
- Turnover: $861,903 (liquid)
- Payoff at 5% upside: $245.69 → $257.97 → $12.97 profit per contract
- Why: High leverage and gamma make this ideal for a short-term rally.

• BA20260123C252.5 (Call, $252.5 strike, Jan 23 expiry):
- IV: 25.77% (moderate)
- Leverage Ratio: 119.48% (very high)
- Delta: 0.30 (low sensitivity)
- Theta: -0.4490 (moderate time decay)
- Gamma: 0.0316 (high sensitivity)
- Turnover: $320,206 (liquid)
- Payoff at 5% upside: $245.69 → $257.97 → $15.47 profit per contract
- Why: High leverage and liquidity make this a speculative play on continued momentum.

Aggressive bulls should consider BOEU or the BA20260123C245 if the stock holds above $240. A breakdown below $239.49 (Bollinger lower band) would invalidate the bullish case.

Backtest The Boeing Stock Performance
Boeing's stock performance following a 2% intraday surge from 2022 to the present exhibits significant momentum, with a strong bullish trend that has carried over into 2026. Here's a detailed analysis:1. Rally Context: The surge of 18.02% over 20 days, hitting a 52-week high of $242.69, reflects renewed investor confidence despite ongoing operational challenges. This rally has continued into 2026, with the year-to-date surge approaching nearly 33%.2. Production and Orders: The FAA's approval to increase 737 MAX production to 42 aircraft per month in October 2025 is a key catalyst. This increase in production has contributed to a rise in deliveries, with the company delivering 160 commercial aircraft in Q3 2025, its highest quarterly total since 2018. Additionally, a record order from Alaska Airlines for 105 737-10 aircraft boosts credibility and provides years of revenue visibility.3. Financial Performance: Boeing's return to positive free cash flow in Q3 2025, with $200 million generated, marks a significant de-risking of the investment case. This follows a $4.9 billion pre-tax charge taken in Q3 after delays, indicating a commitment to clearing operational hurdles.4. Market Position: Despite underperforming the broader Aerospace & Defense sector in 2025, Boeing's relative performance has been strong, with a 22.3% total return in a sector where RTX Corporation led with a 60.0% return. The company's stock rally is a clear indication of market optimism regarding its ability to recover from production and certification delays.5. Technical Indicators: The stock's recent surge above its 200-day moving average suggests a strong bullish trend, with technical indicators supporting the upward momentum.In conclusion, Boeing's stock performance following a 2% intraday surge from 2022 has been impressive, driven by increased production, new orders, improved financial performance, and market confidence in the company's turnaround. These factors combined have contributed to a strong bullish trend that has carried over into 2026.

Boeing’s Rally Gains Legs—Act on Short-Term Momentum
Boeing’s 2.45% surge is underpinned by strong delivery data, sector outperformance, and bullish technicals. The stock’s proximity to its 52-week high and key resistance at $247.40 suggests a potential breakout. Investors should monitor the 200-day MA ($207.21) as a critical support level and watch for follow-through volume. With the sector leader Lockheed Martin (LMT) up 1.17%, the Aerospace & Defense space remains in focus. Aggressive traders may consider BOEU or the BA20260123C245 if the stock holds above $240. A breakdown below $239.49 would signal a shift in sentiment.