BA options strategies, priced on the real chain
$216.14Boeing Company · chain snapshot captured Aug 1, 2026
Headline-driven vol on an industrial balance sheet. IV stays elevated because the tail risk is genuinely fat — regulatory and safety news can reprice the stock 10% on a Tuesday with no earnings in sight.
Every page below prices its structure against the August 28, 2026 expiry — 34% at-the-money implied vol, #12 of the 20 underlyings on this site. What moves BA: delivery numbers, FAA and safety headlines, and earnings.
10 strategies on BA
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- BA covered callSell upside on shares you already own and get paid for the cap. · breakeven $213.02 (−1.4%)
- BA cash-secured putGet paid to place a limit order below the market. · breakeven $201.65 (−6.7%)
- BA iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $197.32 (−8.7%)
- BA bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $221.18 (+2.3%)
- BA bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $203.84 (−5.7%)
- BA long straddleBuy the call and the put — pay for a move in either direction. · breakeven $198.25 (−8.3%)
Related reading
- The wheel strategy, with real numbersEveryone can recite the four steps. Almost nobody can tell you what a completed cycle returned on the capital it tied up. Here is one, priced off a real chain and folded by the same engine that runs our tracker.
- What a cash-secured put actually paysThe annualized-return column is the one everybody screenshots. It is also the one that tells you least. Here is the whole ladder — return, probability, breakeven, and the loss that takes six winners to repair.
- Covered calls on shares you already ownThe covered-call math you find online divides premium by cost basis. If you bought the stock years ago, that number is a fantasy — and it will talk you into selling a strike you should never have touched.