GE Vernova's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on GE Vernova GEV.

And retail traders should know.

We noticed this today when the positions 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 GEV, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 14 options trades for GE Vernova.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $39,500, and 13, calls, for a total amount of $661,413.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $145.0 to $200.0 for GE Vernova over the recent three months.

Analyzing 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 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 $145.0 to $200.0 over the preceding 30 days.

GE Vernova Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Having examined the options trading patterns of GE Vernova, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is GE Vernova Standing Right Now?

• Trading volume stands at 3,999,838, with GEV's price up by 1.79%, positioned at $166.93.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 12 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.

• An analyst from B of A Securities has revised its rating downward to Neutral, adjusting the price target to $150.
• Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on GE Vernova with a target price of $164.
• In a cautious move, an analyst from Raymond James downgraded its rating to Outperform, setting a price target of $160.
• An analyst from Mizuho downgraded its action to Buy with a price target of $154.
• Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on GE Vernova with a target price 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.