Boeing Co (NYSE: BA) shares traded lower by another 11.8% on Wednesday as the stock market experienced yet another volatile trading session.A pair of large Boeing option trades were mixed in nature, with one deep-pocketed Boeing bull making a massive bet on a sharp recovery for the stock.The Trades On Wednesday, Benzinga Pro subscribers received two option alerts related to unusually large trades of Boeing options: * At 9:30 a.m., a trader bought 1,465 Boeing call options with a $170 strike price expiring on Sept. 18 near the ask price at $21. The trade represented a bullish bet worth $3.07 million. * At 1:01 p.m., a trader bought 509 Boeing put options with a $100 strike price expiring on April 17 near the ask price
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Stock market’s historic bounce may signal ‘near-term bottom,’ but a retest of the low like 1987 and 2008 is still a possibility – MarketWatch
March 26, 2020
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