Check Out What Whales Are Doing With GEV

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 26 uncommon options trades for GE Vernova.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 57%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $510,610, and 18 are calls, for a total amount of $2,825,742.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $210.0 and $480.0 for GE Vernova, spanning the last three months.

Insights into Volume & Open Interest

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 $210.0 to $480.0 over the preceding 30 days.

GE Vernova Call and Put Volume: 30-Day Overview

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.

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 1,013,285, the price of GEV is up by 2.4%, reaching $400.4.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 5 days from now.

What The Experts Say On GE Vernova

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $413.75.

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 Goldman Sachs has decided to maintain their Buy rating on GE Vernova, which currently sits at a price target of $446. * An analyst from JP Morgan has decided to maintain their Overweight rating on GE Vernova, which currently sits at a price target of $374. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on GE Vernova with a target price of $415. * An analyst from Truist Securities has decided to maintain their Buy rating on GE Vernova, which currently sits at a price target of $420.

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.