Looking At General Motors's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on General Motors.

Looking at options history for General Motors GM we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $519,164 and 5, calls, for a total amount of $397,263.

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 $30.0 to $42.0 for General Motors over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for General Motors's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of General Motors's whale activity within a strike price range from $30.0 to $42.0 in the last 30 days.

General Motors Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About General Motors

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021, with share up 170 basis points to 16.4%, a full percentage point ahead of Toyota. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

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

General Motors's Current Market Status

• With a volume of 8,156,714, the price of GM is down -0.42% at $33.28.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 48 days.

What Analysts Are Saying About General Motors

In the last month, 5 experts released ratings on this stock with an average target price of $51.6.

• An analyst from Mizuho has elevated its stance to Buy, setting a new price target at $42.
• Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for General Motors, targeting a price of $95.
• An analyst from Wedbush has decided to maintain their Outperform rating on General Motors, which currently sits at a price target of $40.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for General Motors, targeting a price of $54.
• An analyst from Wells Fargo persists with their Underweight rating on General Motors, maintaining a target price of $27.

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 General Motors with Benzinga Pro for real-time alerts.