Boeing Stock Surges Despite Dismal Quarterly Results

Core Insights - Boeing Co's stock is rising due to its recovery plan despite reporting steeper-than-expected losses for Q4 and its largest annual loss since 2020 [1] - The company is addressing issues in its commercial and defense units and plans to gradually increase production and deliveries of its 737 aircraft [1] - Boeing is also working to expedite the delivery of two Air Force One aircraft [1] Stock Performance - Boeing's stock is up 4.3%, trading at $182.74, marking its largest single-day percentage gain in over a year and reducing its year-over-year deficit to 10.5% [2] - The stock reached its highest level since August and bounced off its ascending 40-day moving average earlier this month [2] Options Activity - Options traders have shown increased bullish sentiment over the past 10 weeks, with a 50-day call/put volume ratio of 1.80, ranking in the 80th percentile of its annual range [3] - Today's options activity includes 59,000 calls and 27,000 puts traded, which is five times the intraday average volume [4] - The most popular contract is the weekly 1/31 185-strike call, indicating a preference for opening positions [4]