GEO Group Unusual Options Activity For March 06

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

We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for GEO Group. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 53% leaning bullish and 30% bearish. Among these notable options, 3 are puts, totaling $562,515, and 10 are calls, amounting to $1,051,213.

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 $22.0 and $33.0 for GEO Group, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for GEO Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across GEO Group's significant trades, within a strike price range of $22.0 to $33.0, over the past month.

GEO Group Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About GEO Group

The GEO Group Inc specializes in detention facilities and community reentry centers. It operates in four segments: U.S. Secure Services, which mainly encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; Reentry Services conducts its services in the United States represents services provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs; and International Services.

Following our analysis of the options activities associated with GEO Group, we pivot to a closer look at the company's own performance.

Current Position of GEO Group

• With a volume of 550,027, the price of GEO is up 0.95% at $25.93.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 61 days.

Expert Opinions on GEO Group

In the last month, 2 experts released ratings on this stock with an average target price of $55.0.

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