High-rolling investors have positioned themselves bearish on GEO Group GEO, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GEO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for GEO Group. This is not a typical pattern.
The sentiment among these major traders is split, with 40% bullish and 60% bearish. Among all the options we identified, there was one put, amounting to $61,186, and 9 calls, totaling $398,097.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $11.0 to $16.0 for GEO Group over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for GEO Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across GEO Group's significant trades, within a strike price range of $11.0 to $16.0, over the past month.
GEO Group 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEO | CALL | SWEEP | BEARISH | 10/18/24 | $0.5 | $0.45 | $0.5 | $13.00 | $65.4K | 525 | 2.1K |
| GEO | PUT | SWEEP | BULLISH | 01/17/25 | $0.95 | $0.8 | $0.85 | $11.00 | $61.1K | 48 | 729 |
| GEO | CALL | SWEEP | BEARISH | 10/11/24 | $0.75 | $0.75 | $0.75 | $12.50 | $55.1K | 12 | 50 |
| GEO | CALL | SWEEP | BULLISH | 10/11/24 | $0.85 | $0.75 | $0.75 | $12.50 | $50.8K | 12 | 1.4K |
| GEO | CALL | SWEEP | BEARISH | 10/18/24 | $0.7 | $0.65 | $0.65 | $13.00 | $48.7K | 525 | 730 |
About GEO Group
The GEO Group Inc specializes in detention facilities and community reentry centers. It operates in four segments: U.S. Secure Services, which mainly encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; Reentry Services conducts its services in the United States represents services provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs; and International Services.
Having examined the options trading patterns of GEO Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of GEO Group
- With a trading volume of 1,898,149, the price of GEO is up by 1.3%, reaching $12.88.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 38 days from now.
Professional Analyst Ratings for GEO Group
1 market experts have recently issued ratings for this stock, with a consensus target price of $17.0.
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. * In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $17.
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 GEO Group with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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