Decoding GE Vernova's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bearish stance on GE Vernova.

Looking at options history for GE Vernova GEV we detected 54 trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 33 are puts, for a total amount of $3,210,326 and 21, calls, for a total amount of $1,171,110.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $410.0 for GE Vernova, spanning the last three months.

Volume & Open Interest Development

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 $230.0 to $410.0, over the past month.

GE Vernova 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

After a thorough review of the options trading surrounding GE Vernova, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

GE Vernova's Current Market Status

• Trading volume stands at 1,964,289, with GEV's price down by -0.33%, positioned at $302.01.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 26 days.

What Analysts Are Saying About GE Vernova

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $417.0.

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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. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on GE Vernova with a target price of $427. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on GE Vernova with a target price of $445. * An analyst from Guggenheim upgraded its action to Buy with a price target of $380. * Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for GE Vernova, targeting a price of $420. * An analyst from Jefferies has decided to maintain their Buy rating on GE Vernova, which currently sits at a price target of $413.

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