Whales with a lot of money to spend have taken a noticeably bullish stance on General Electric.
Looking at options history for General Electric GE we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $656,186 and 6, calls, for a total amount of $287,710.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $155.0 for General Electric over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for General Electric'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 Electric's whale trades within a strike price range from $110.0 to $155.0 in the last 30 days.
General Electric 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GE | PUT | TRADE | BULLISH | 01/16/26 | $110.00 | $180.0K | 35 | 200 |
| GE | CALL | TRADE | BULLISH | 01/19/24 | $115.00 | $130.0K | 4.5K | 123 |
| GE | PUT | TRADE | BEARISH | 09/20/24 | $155.00 | $118.0K | 1 | 43 |
| GE | PUT | SWEEP | BEARISH | 01/17/25 | $110.00 | $78.8K | 794 | 134 |
| GE | PUT | SWEEP | NEUTRAL | 02/16/24 | $130.00 | $74.7K | 972 | 176 |
About General Electric
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.
Present Market Standing of General Electric
- With a volume of 2,338,422, the price of GE is down -0.59% at $127.21.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 6 days.
Expert Opinions on General Electric
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $136.0.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on General Electric with a target price of $136.
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 Electric with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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