Whales with a lot of money to spend have taken a noticeably bullish stance on GE Vernova.
Looking at options history for GE Vernova GEV we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $161,435 and 6, calls, for a total amount of $555,311.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $155.0 to $220.0 for GE Vernova over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in GE Vernova's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to GE Vernova's substantial trades, within a strike price spectrum from $155.0 to $220.0 over the preceding 30 days.
GE Vernova Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | CALL | SWEEP | BULLISH | 07/19/24 | $4.3 | $3.7 | $4.3 | $200.00 | $229.8K | 797 | 18 |
| GEV | CALL | TRADE | BULLISH | 10/18/24 | $10.9 | $10.3 | $10.9 | $200.00 | $109.0K | 77 | 3 |
| GEV | PUT | SWEEP | BULLISH | 05/17/24 | $0.65 | $0.5 | $0.5 | $155.00 | $100.2K | 211 | 2.0K |
| GEV | CALL | TRADE | BEARISH | 10/18/24 | $10.5 | $10.0 | $10.0 | $200.00 | $98.0K | 77 | 203 |
| GEV | PUT | SWEEP | BEARISH | 05/17/24 | $12.4 | $11.6 | $12.22 | $180.00 | $61.2K | 0 | 70 |
About GE Vernova
GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.
In light of the recent options history for GE Vernova, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of GE Vernova
- Trading volume stands at 2,548,913, with GEV's price up by 1.51%, positioned at $168.77.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 11 days.
What The Experts Say On GE Vernova
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $157.6.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $160.
- Reflecting concerns, an analyst from Exane BNP Paribas lowers its rating to Outperform with a new price target of $177.
- Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $141.
- Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $150.
- An analyst from B of A Securities has decided to maintain their Neutral rating on GE Vernova, which currently sits at a price target of $160.
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 Vernova with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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