Boeing Stock’s Turbulence Could Finally Be Fading, Presenting a Huge Options Trade

At first glance, circumstances don’t look appealing for aeronautics giant Boeing (BA). While it may be a titan of industry, BA stock has been blasted with a 100% Strong Sell rating by the Barchart Technical Opinion indicator. Ahead of its Oct. 27 earnings disclosure, the company has plenty to prove. Still, if you’re a half-glass-full type, Boeing just might be among the more intriguing contrarian ideas.

First, there is a technical case to be made. While it’s true that BA stock represents one of the key laggards among major publicly traded enterprises, the rate of negativity appears to be fading. In the trailing six months, Boeing slipped about 15%. In the past 30 days, it fell nearly 10%. However, in the trailing week, the ticker is up roughly 1%.