Boeing Options Cheap as 3,200 Union Workers Strike

Core Viewpoint - Boeing Co's shares have decreased by 0.5% to $220.85 following a strike by 3,200 union employees in Missouri and Illinois, marking the first strike since 1996 after rejecting a new contract offer [1] Group 1: Stock Performance - Boeing's stock has been declining since reaching a 52-week high of $242.69 on July 29, post-earnings [1] - The stock has shown a 24% increase so far in 2025 [1] - The $220 level appears to be acting as support, along with the 40-day moving average [1] Group 2: Options Activity - There has been a notable increase in call options activity, with a 50-day call/put volume ratio of 2.42, ranking higher than 96% of readings from the past year [2] - The current options are considered reasonably priced, with a Schaeffer's Volatility Index (SVI) of 30%, which is in the low 6th percentile of its annual range, indicating low volatility expectations [3]