Whales with a lot of money to spend have taken a noticeably bearish stance on General Electric.
Looking at options history for General Electric GE we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $149,820 and 10, calls, for a total amount of $572,124.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $180.0 for General Electric, spanning the last three months.
Volume & Open Interest Trends
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 $110.0 to $180.0, over the past month.
General Electric Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GE | CALL | TRADE | BULLISH | 05/17/24 | $170.00 | $99.4K | 781 | 233 |
| GE | CALL | SWEEP | BULLISH | 05/17/24 | $150.00 | $87.5K | 145 | 89 |
| GE | PUT | TRADE | BEARISH | 04/05/24 | $167.50 | $78.0K | 296 | 200 |
| GE | CALL | SWEEP | BEARISH | 03/15/24 | $150.00 | $75.8K | 5.3K | 93 |
| GE | CALL | TRADE | BULLISH | 01/17/25 | $110.00 | $63.4K | 813 | 0 |
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?
- With a volume of 1,583,758, the price of GE is up 0.04% at $170.22.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 40 days.
What Analysts Are Saying About General Electric
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $177.0.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for General Electric, targeting a price of $170.
- An analyst from Barclays persists with their Overweight rating on General Electric, maintaining a target price of $181.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for General Electric, targeting a price of $166.
- An analyst from Goldman Sachs persists with their Buy rating on General Electric, maintaining a target price of $177.
- An analyst from UBS persists with their Buy rating on General Electric, maintaining a target price of $191.
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.
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