Whales with a lot of money to spend have taken a noticeably bearish stance on GE HealthCare Techs.
Looking at options history for GE HealthCare Techs GEHC we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $408,381 and 7, calls, for a total amount of $1,205,484.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $105.0 for GE HealthCare Techs over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of GE HealthCare Techs stands at 1569.75, with a total volume reaching 10,115.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in GE HealthCare Techs, situated within the strike price corridor from $85.0 to $105.0, throughout the last 30 days.
GE HealthCare Techs Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GEHC | CALL | SWEEP | BEARISH | 07/19/24 | $95.00 | $414.9K | 3.5K | 1.0K |
| GEHC | PUT | SWEEP | BULLISH | 07/19/24 | $105.00 | $257.2K | 0 | 236 |
| GEHC | CALL | TRADE | BEARISH | 07/19/24 | $95.00 | $235.0K | 3.5K | 2.0K |
| GEHC | CALL | SWEEP | BEARISH | 07/19/24 | $95.00 | $234.5K | 3.5K | 1.5K |
| GEHC | CALL | TRADE | BEARISH | 04/19/24 | $95.00 | $121.4K | 2.3K | 2.0K |
About GE HealthCare Techs
GE HealthCare Technologies Inc is a globally medical technology, pharmaceutical diagnostics, and digital solutions innovator company. It has four operating segments; Imaging, Ultrasound, Patient Care Solutions (PCS), and Pharmaceutical Diagnostics (PDx). It earns a majority of its revenue from the Imaging segment.
After a thorough review of the options trading surrounding GE HealthCare Techs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
GE HealthCare Techs's Current Market Status
- With a volume of 3,001,525, the price of GEHC is up 0.52% at $93.5.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 54 days.
What The Experts Say On GE HealthCare Techs
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $92.5.
- An analyst from UBS has elevated its stance to Neutral, setting a new price target at $88.
- Reflecting concerns, an analyst from HSBC lowers its rating to Buy with a new price target of $100.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for GE HealthCare Techs, targeting a price of $86.
- An analyst from Mizuho persists with their Buy rating on GE HealthCare Techs, maintaining a target price of $96.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for GE HealthCare Techs with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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