Behind the Scenes of GE Vernova's Latest Options Trends

Financial giants have made a conspicuous bullish move on GE Vernova. Our analysis of options history for GE Vernova GEV revealed 28 unusual trades.

Delving into the details, we found 60% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $115,300, and 24 were calls, valued at $1,770,986.

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 $140.0 to $520.0 for GE Vernova 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 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 $140.0 to $520.0, over the past month.

GE Vernova Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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

Where Is GE Vernova Standing Right Now?

• Currently trading with a volume of 1,463,691, the GEV's price is up by 3.82%, now at $351.9.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 19 days.

What Analysts Are Saying About GE Vernova

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $391.4.

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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 Guggenheim persists with their Buy rating on GE Vernova, maintaining a target price of $400. * An analyst from Evercore ISI Group persists with their Outperform rating on GE Vernova, maintaining a target price of $390. * In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $376. * An analyst from Jefferies has decided to maintain their Buy rating on GE Vernova, which currently sits at a price target of $391. * An analyst from Goldman Sachs persists with their Buy rating on GE Vernova, maintaining a target price of $400.

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 Vernova options trades with real-time alerts from Benzinga Pro.