Financial giants have made a conspicuous bearish move on General Electric. Our analysis of options history for General Electric GE revealed 22 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $372,282, and 14 were calls, valued at $1,393,712.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $155.0 for General Electric during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for General Electric's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of General Electric's whale trades within a strike price range from $90.0 to $155.0 in the last 30 days.
General Electric Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GE | CALL | TRADE | BULLISH | 01/17/25 | $135.00 | $570.0K | 1.8K | 300 |
| GE | CALL | SWEEP | NEUTRAL | 04/19/24 | $105.00 | $106.1K | 709 | 60 |
| GE | CALL | TRADE | BEARISH | 03/15/24 | $135.00 | $102.0K | 7.8K | 311 |
| GE | CALL | SWEEP | BULLISH | 04/19/24 | $105.00 | $101.5K | 709 | 30 |
| GE | CALL | TRADE | BEARISH | 04/19/24 | $90.00 | $100.0K | 14 | 20 |
About General Electric
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading GE through a breakup of its businesses.
Present Market Standing of General Electric
- With a volume of 2,171,821, the price of GE is up 0.04% at $138.55.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 75 days.
Professional Analyst Ratings for General Electric
3 market experts have recently issued ratings for this stock, with a consensus target price of $149.66666666666666.
- An analyst from Barclays has decided to maintain their Overweight rating on General Electric, which currently sits at a price target of $153.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on General Electric, which currently sits at a price target of $148.
- An analyst from RBC Capital persists with their Outperform rating on General Electric, maintaining a target price of $148.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for General Electric, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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