Financial giants have made a conspicuous bullish move on GE Vernova. Our analysis of options history for GE Vernova GEV revealed 29 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $505,075, and 17 were calls, valued at $1,329,507.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $350.0 for GE Vernova over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for GE Vernova's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across GE Vernova's significant trades, within a strike price range of $200.0 to $350.0, over the past month.
GE Vernova Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | CALL | SWEEP | BULLISH | 10/18/24 | $37.8 | $37.1 | $37.8 | $220.00 | $374.2K | 2.7K | 104 |
| GEV | CALL | SWEEP | BEARISH | 11/15/24 | $23.1 | $21.6 | $22.2 | $250.00 | $222.0K | 303 | 127 |
| GEV | CALL | TRADE | BEARISH | 12/20/24 | $24.9 | $23.0 | $23.2 | $260.00 | $141.5K | 136 | 862 |
| GEV | CALL | TRADE | BULLISH | 01/17/25 | $9.9 | $9.8 | $9.9 | $310.00 | $91.0K | 226 | 93 |
| GEV | CALL | TRADE | BEARISH | 01/15/27 | $61.5 | $59.5 | $59.5 | $300.00 | $71.4K | 3 | 12 |
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.
Following our analysis of the options activities associated with GE Vernova, we pivot to a closer look at the company's own performance.
GE Vernova's Current Market Status
- With a trading volume of 1,336,306, the price of GEV is up by 1.41%, reaching $255.08.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 29 days from now.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
