Smart Money Is Betting Big In GE Aero Options

Whales with a lot of money to spend have taken a noticeably bearish stance on GE Aero.

Looking at options history for GE Aero GE we detected 20 trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $345,687 and 12, calls, for a total amount of $1,598,100.

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 $160.0 and $250.0 for GE Aero, spanning the last three 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 Aero'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 Aero's substantial trades, within a strike price spectrum from $160.0 to $250.0 over the preceding 30 days.

GE Aero Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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

• Trading volume stands at 3,017,673, with GE's price up by 3.45%, positioned at $170.35.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 88 days.

What Analysts Are Saying About GE Aero

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $198.5.

• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on GE Aero with a target price of $209.
• Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for GE Aero, targeting a price of $190.
• An analyst from Wells Fargo persists with their Overweight rating on GE Aero, maintaining a target price of $205.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on GE Aero with a target price of $190.

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.