What the Options Market Tells Us About GE Vernova

Deep-pocketed investors have adopted a bullish approach towards GE Vernova GEV, 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 GEV usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for GE Vernova. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 57% leaning bullish and 21% bearish. Among these notable options, 6 are puts, totaling $1,337,255, and 13 are calls, amounting to $850,251.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $250.0 to $355.0 for GE Vernova over the last 3 months.

Volume & Open Interest Development

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 $250.0 to $355.0 over the preceding 30 days.

GE Vernova Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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

Present Market Standing of GE Vernova

• With a trading volume of 635,562, the price of GEV is down by -1.87%, reaching $328.98.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 14 days from now.

What Analysts Are Saying About GE Vernova

5 market experts have recently issued ratings for this stock, with a consensus target price of $385.6.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Barclays persists with their Overweight rating on GE Vernova, maintaining a target price of $420. * An analyst from Guggenheim persists with their Buy rating on GE Vernova, maintaining a target price of $400. * An analyst from Morgan Stanley persists with their Overweight rating on GE Vernova, maintaining a target price of $367. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on GE Vernova with a target price of $356. * An analyst from Wells Fargo has revised its rating downward to Overweight, adjusting the price target to $385.

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.