Boeing Surges 3.06% on Q4 Delivery Rally and 737 MAX Order Surge – Is This the Catalyst for a New Bull Run?

Summary
• Boeing (BA) rockets 3.06% to $247.16, hitting its 52-week high of $247.3999
• Aviation Capital Group orders 50 737 MAX jets, doubling its 737-10 order book
• Delta Air Lines commits to 30 787 Dreamliners, signaling long-term demand
• Options frenzy: 20 contracts traded with leverage ratios exceeding 500%

Boeing’s stock is surging on a perfect storm of demand-driven news. A record Q4 delivery count, a landmark 737 MAX order from Aviation Capital Group, and Delta’s 787 Dreamliner commitment have ignited investor optimism. The stock’s 3.06% intraday gain reflects a mix of short-term momentum and long-term structural demand in aerospace, with technical indicators and options activity amplifying the bullish narrative.

Q4 Delivery Surge and 737 MAX Order Fuel Boeing’s Bull Run
Boeing’s 3.06% intraday gain is driven by two pivotal catalysts: a record 600 aircraft deliveries in 2025, the most since 2018, and Aviation Capital Group’s 50-plane 737 MAX order. The 737 MAX, Boeing’s workhorse, now accounts for 121 firm orders in ACG’s portfolio, including 50 737-10s—the largest single-lessee order for the variant. Meanwhile, Delta Air Lines’ 30-plane 787 Dreamliner order, with deliveries starting in the early 2030s, underscores long-term demand for fuel-efficient wide-body aircraft. These developments validate Boeing’s production recovery and position it to capitalize on a decade-long order backlog.

Aerospace & Defense Sector Rally: Boeing Outpaces Peers on Order Momentum
The Aerospace & Defense sector is mixed, with Boeing outperforming peers like Lockheed Martin (LMT, +0.84%) and RTX Corporation (RTX, +0.66%). Boeing’s 3.06% gain reflects its unique positioning in commercial aviation, where demand for 737 MAX and 787 Dreamliners is surging. In contrast, defense-focused peers like Lockheed Martin and Northrop Grumman (NOC, -0.45%) are constrained by slower procurement cycles and budgetary bottlenecks. Boeing’s order-driven momentum highlights its dual exposure to commercial and defense markets, with the 737 MAX backlog and Delta’s 787 commitment offering a clear edge.

Options and ETF Playbook: Capitalizing on Boeing’s Bullish Momentum
• MACD: 8.42 (above signal line 6.78), bullish crossover
• RSI: 84.91 (overbought, but sustained by volume)
• Bollinger Bands: Price at upper band ($247.3999), indicating strong momentum
• 200-day MA: $207.21 (far below current price), signaling long-term strength

Boeing’s technicals and options activity suggest a continuation of the bullish trend. Key support is at the 200-day MA ($207.21), while resistance lies at the 52-week high ($247.40). A 5% upside scenario (targeting $260) would validate the breakout. For leveraged exposure, consider XLE (Energy Select Sector SPDR ETF) if energy prices impact aerospace demand, though no direct correlation is evident here.

Top Options Picks:
• BA20260123C240 (Call, $240 strike, Jan 23 expiry):
- IV: 25.57% (moderate)
- Leverage Ratio: 27.17%
- Delta: 0.7645 (high sensitivity to price moves)
- Theta: -0.8389 (rapid time decay)
- Gamma: 0.0280 (high sensitivity to gamma)
- Turnover: 1.546M (liquid)
- Payoff at 5% Upside: $260 → $20 gain per contract
- Why it stands out: High liquidity and delta make it ideal for a short-term rally.

• BA20260123C242.5 (Call, $242.5 strike, Jan 23 expiry):
- IV: 25.29% (moderate)
- Leverage Ratio: 33.96%
- Delta: 0.6888 (moderate sensitivity)
- Theta: -0.7954 (rapid decay)
- Gamma: 0.0326 (high gamma)
- Turnover: 85.4K (liquid)
- Payoff at 5% Upside: $260 → $17.5 gain per contract
- Why it stands out: Balances leverage and liquidity for a mid-term hold.

Aggressive bulls should consider BA20260123C240 into a break above $247.40.

Backtest The Boeing Stock Performance
The backtest of British Airways (BA) after a 3% intraday increase from 2022 to the present shows mixed results. While the 3-day win rate is 51.28%, indicating a majority of days with a positive return, the overall return over the 3-day period is only 0.15%. This suggests that while BA may experience short-term gains, the overall performance following the intraday surge is modest.

Boeing’s Bull Run Gains Legs – Watch 52-Week High for Confirmation
Boeing’s 3.06% surge is underpinned by a confluence of demand-driven news and technical strength. The 737 MAX order and Delta’s 787 commitment validate its production recovery, while options activity and RSI suggest momentum is intact. A close above the 52-week high of $247.40 would confirm a breakout, with the 200-day MA ($207.21) acting as a critical support. Sector leader Lockheed Martin (LMT) is up 1.03% today, signaling broader aerospace optimism. Investors should watch for a sustained move above $247.40 or a breakdown below the 20-day MA ($219.10) to determine next steps. Take action: Buy BA20260123C240 if $247.40 breaks.