A Closer Look at General Electric's Options Market Dynamics

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 11 uncommon options trades for General Electric.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $109,110, and 8 are calls, for a total amount of $302,544.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $195.0 for General Electric over the recent three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in General Electric's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to General Electric's substantial trades, within a strike price spectrum from $130.0 to $195.0 over the preceding 30 days.

General Electric 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

After a thorough review of the options trading surrounding General Electric, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of General Electric

• Currently trading with a volume of 1,793,322, the GE's price is up by 0.07%, now at $169.01.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 36 days.

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.