Check Out What Whales Are Doing With GE Aero

Deep-pocketed investors have adopted a bullish approach towards GE Aero GE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GE usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for GE Aero. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 53% leaning bullish and 33% bearish. Among these notable options, 8 are puts, totaling $385,518, and 7 are calls, amounting to $290,210.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $170.0 for GE Aero, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for GE Aero's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of GE Aero's whale trades within a strike price range from $115.0 to $170.0 in the last 30 days.

GE Aero 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About GE Aero

GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.

Following our analysis of the options activities associated with GE Aero, we pivot to a closer look at the company's own performance.

GE Aero's Current Market Status

• With a volume of 4,602,468, the price of GE is up 1.59% at $161.49.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 21 days.

What The Experts Say On GE Aero

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $202.66666666666666.

• Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for GE Aero, targeting a price of $209.
• An analyst from Jefferies has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $190.
• An analyst from UBS persists with their Buy rating on GE Aero, maintaining a target price of $209.

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 Aero with Benzinga Pro for real-time alerts.