Looking At GE Vernova's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on GE Vernova GEV.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GEV, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 16 uncommon options trades for GE Vernova.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 56%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $127,307, and 14 are calls, for a total amount of $429,405.

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 $200.0 to $360.0 for GE Vernova over the last 3 months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of GE Vernova stands at 697.71, with a total volume reaching 846.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in GE Vernova, situated within the strike price corridor from $200.0 to $360.0, throughout the last 30 days.

GE Vernova Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for GE Vernova, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of GE Vernova

• Currently trading with a volume of 1,029,283, the GEV's price is up by 3.03%, now at $342.61.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 11 days.

Expert Opinions on GE Vernova

5 market experts have recently issued ratings for this stock, with a consensus target price of $373.8.

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 Truist Securities has decided to maintain their Buy rating on GE Vernova, which currently sits at a price target of $400. * An analyst from Citigroup persists with their Neutral rating on GE Vernova, maintaining a target price of $361. * An analyst from RBC Capital persists with their Outperform rating on GE Vernova, maintaining a target price of $376. * An analyst from JP Morgan persists with their Overweight rating on GE Vernova, maintaining a target price of $356. * An analyst from RBC Capital downgraded its action to Outperform with a price target of $376.

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.