Bearish options flow identified in Boeing with shares down 4.33%

Bearish options flow identified in Boeing (BA), with shares down $9.28 near $204.82. Options volume nearly triple the daily average with 208k contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 1.3 points near 37.59,in the top quartile of the past year, suggesting an expected daily move of $4.85. Put-call skew steepened, indicating increased demand for downside protection.