Boeing (NYSE: BA) announced a six-month delay in its planned initial deliveries of the 787 Dreamliner due to challenges in completing the assembly of the first airplanes. First deliveries are now expected in late November or December of 2008.
- BA says: "The financial impact of the delay would not be material to earnings" and its earning guidance for 2007 and 2008 remained unchanged.
- BA will provide a quarterly financial update on 10/24.
- BA October option implied volatility is at 28, November is at 30 above its 26-week average of 25 according to Track Data, suggesting larger risk.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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