Actionable news
All posts from Actionable news
Actionable news in BA: BOEING COMPANY,

The two stocks that could help the Dow reach 20,000

The Dow Jones industrial average narrowly reached an all-time high on Monday morning. But the bigger event could come later this year, when the Dow has a shot at reaching the milestone of 20,000.

That round number is just 9.5 percent from Monday's opening print. And while that may sound achievable, the options market assigns just a 11 percent chance of the Dow rising to that level by year end, judging roughly by options on the Dow "Diamonds" (DIA) ETF (specifically, one can examine the delta of the December quarterly 200-strike Dow Diamonds calls, which is 0.11).

So, which stock could surprise options traders and bring us to that fresh milestone?

The Dow is a price-weighted index, meaning that the...