Boeing Stock Rallies Toward Familiar Ceiling After Upgrade

Core Viewpoint - Boeing Co (NYSE:BA) has been upgraded to "outperform" from "market perform" by Bernstein, indicating a more positive outlook for the company as it recovers from past incidents and works to rebuild confidence [1] Group 1: Stock Performance - Boeing's stock is currently up 2.3% at $182.09, with a year-to-date increase of 3.3% and a year-over-year lead exceeding 9% [1][2] - The stock has achieved its third consecutive weekly gain, but is facing resistance at the $185 level, which previously capped a rally attempt in late March [2] Group 2: Options Trading Activity - Options traders are exhibiting caution, with options volume running at double the intraday average, including 20,000 calls and 16,000 puts exchanged [3] - The most popular options contract is the May 175-strike put, and the 10-day put/call volume ratio for Boeing is 1.03, placing it in the 94th percentile of its annual range [3]