What the Options Market Tells Us About General Electric

Investors with a lot of money to spend have taken a bearish stance on General Electric GE.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GE, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 29 uncommon options trades for General Electric.

This isn't normal.

The overall sentiment of these big-money traders is split between 48% bullish and 51%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $71,488, and 27 are calls, for a total amount of $1,213,800.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $230.0 for General Electric over the last 3 months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for General Electric's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across General Electric's significant trades, within a strike price range of $80.0 to $230.0, over the past month.

General Electric Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

Where Is General Electric Standing Right Now?

• Currently trading with a volume of 4,297,205, the GE's price is up by 0.4%, now at $159.29.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 50 days.

Expert Opinions on General Electric

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $172.33333333333334.

• An analyst from Barclays persists with their Overweight rating on General Electric, maintaining a target price of $181.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for General Electric, targeting a price of $170.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for General Electric, targeting a price of $166.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest General Electric options trades with real-time alerts from Benzinga Pro.