Whales with a lot of money to spend have taken a noticeably bullish stance on GE Aero.
Looking at options history for GE Aero GE we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 8% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $163,690 and 9, calls, for a total amount of $469,022.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $190.0 for GE Aero over the recent three 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 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 $125.0 to $190.0 over the preceding 30 days.
GE Aero Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GE | PUT | TRADE | NEUTRAL | 12/27/24 | $25.7 | $25.15 | $25.46 | $190.00 | $101.8K | 50 | 50 |
| GE | CALL | SWEEP | BULLISH | 01/17/25 | $1.0 | $0.95 | $1.0 | $180.00 | $100.1K | 8.1K | 4.8K |
| GE | CALL | SWEEP | BULLISH | 01/17/25 | $1.06 | $1.0 | $1.0 | $180.00 | $100.0K | 8.1K | 5.8K |
| GE | CALL | SWEEP | NEUTRAL | 02/21/25 | $41.0 | $38.85 | $39.93 | $125.00 | $59.8K | 1 | 15 |
| GE | CALL | SWEEP | BULLISH | 01/17/25 | $0.92 | $0.9 | $0.92 | $180.00 | $46.7K | 8.1K | 3.3K |
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.
After a thorough review of the options trading surrounding GE Aero, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of GE Aero
- Currently trading with a volume of 2,554,093, the GE's price is up by 3.1%, now at $164.91.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 33 days.
What The Experts Say On GE Aero
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $225.0.
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. * An analyst from Wells Fargo has decided to maintain their Overweight rating on GE Aero, which currently sits at a price target of $225.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GE Aero options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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