BA Options
The Boeing Company Options Chain, Implied Volatility & Greeks
Comprehensive options market data for The Boeing Company (BA). Explore implied volatility patterns, options chain liquidity, gamma exposure levels for the aerospace and defense industry leader.
BA Options at a Glance
What's Covered in This Guide
1 About The Boeing Company (BA)
The Boeing Company designs, manufactures, and sells commercial airplanes, military aircraft, satellites, and defense systems. Once considered a blue-chip industrial, Boeing has faced significant challenges from the 737 MAX crisis, production quality issues, and pandemic impacts on aircraft demand.
Company Profile
Key Dates
Boeing is one of only two major commercial aircraft manufacturers globally (with Airbus). The company is working to recover from multiple crises and restore production quality and delivery rates.
2 BA Options Market Overview
BA options are highly liquid with significant institutional and retail interest. The stock's volatility from ongoing challenges creates active options trading.
Liquidity Assessment: Excellent
BA options are very liquid. Volume spikes on safety news and delivery updates.
3 BA Volatility Profile
BA implied volatility is elevated due to ongoing operational and safety challenges. IV spikes on FAA actions, production issues, and safety incidents.
Earnings Impact
IV builds before earnings. Delivery numbers, production rates, and safety commentary are key focus areas.
Historical Volatility vs IV
IV trades at significant premium due to ongoing headline risk.
Term Structure
Can be inverted during crisis events. Usually contango in calmer periods.
BA Gamma Exposure (GEX)
Gamma Exposure analysis for BA shows mixed positioning reflecting uncertainty around turnaround.
Typical GEX Profile: BA gamma can swing with sentiment. Crisis events create dynamic gamma shifts.
Key Levels: Major price levels around 200, 225, 250 attract significant positioning.
Dealer Hedging: Dealer hedging is active given headline-driven volatility.
4 Common BA Options Strategies
These are strategies commonly used by traders on BA options, based on typical market characteristics. This is not investment advice.
Play volatility around earnings and safety news. BA regularly exceeds implied moves.
Long-term bet on turnaround and production recovery.
Generate income while holding for recovery. High IV means rich premiums.
Defined-risk directional plays around catalysts.
Hedge long positions against headline risk. Premium is elevated but risk is real.
Key Considerations for BA Options
- Boeing faces ongoing production quality and safety challenges
- 737 MAX production rate ramp is closely watched
- 787 Dreamliner delivery recovery is important for cash flow
- FAA scrutiny remains elevated post-door plug incident
- Defense business provides stability while commercial recovers
- Dividend was suspended and unlikely to return until recovery complete
Frequently Asked Questions: BA Options
How liquid are BA options?
BA options are very liquid with average daily volume exceeding 150,000 contracts. Volume spikes significantly during safety-related news events.
What is BA's typical implied volatility?
BA implied volatility typically ranges from 25% to 80%. Normal conditions see IV between 35-50%, elevated due to ongoing operational challenges.
Does Boeing pay a dividend?
Boeing suspended its dividend in 2020 during the pandemic and 737 MAX crisis. It has not been reinstated and likely won't until the turnaround is more complete.
What is Boeing's main challenge?
Boeing faces multiple challenges including 737 MAX production quality issues, FAA scrutiny, 787 delivery delays, and rebuilding trust after several safety incidents.
When does BA report earnings?
BA reports quarterly in January, April, July, and October.
What is the best time to trade BA options?
The most liquid trading hours for BA options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate BA option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for BA options across all strikes and expirations.
What happens to BA options at expiration?
In-the-money BA options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
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