Boeing Faces Options Barrage After Another Fatal Accident

Core Points - Boeing's 737-800 aircraft was involved in a fatal crash in South Korea, resulting in the death of 179 out of 181 people on board, leading to a 4.2% drop in Boeing's stock price to $173.23 [1] - Boeing's stock has declined 34% year-to-date, making it the worst-performing stock in the Dow for the year [2] - There is significant bearish activity in Boeing's options market, with 45,000 puts traded, which is seven times the average intraday amount [3] - Call options have also seen increased popularity, with a put/call open interest ratio of 0.60, ranking in the 6th percentile of annual readings [4] - Boeing's elevated Volatility Scorecard of 71 out of 100 suggests a tendency to outperform volatility expectations, which may benefit premium players [5]