This Is What Whales Are Betting On General Motors

A whale with a lot of money to spend has taken a noticeably bearish stance on General Motors.

Looking at options history for General Motors GM we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $874,800 and 2, calls, for a total amount of $69,214.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $26.0 to $45.0 for General Motors over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for General Motors options trades today is 4028.09 with a total volume of 5,032.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for General Motors's big money trades within a strike price range of $26.0 to $45.0 over the last 30 days.

General Motors Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GM PUT SWEEP BEARISH 09/20/24 $40.00 $225.2K 1.0K 266
GM PUT TRADE BULLISH 06/20/25 $28.00 $186.0K 709 600
GM PUT SWEEP BEARISH 06/21/24 $30.00 $80.5K 16.7K 333
GM PUT TRADE NEUTRAL 10/20/23 $33.00 $75.0K 14.8K 806
GM PUT SWEEP BEARISH 06/21/24 $30.00 $61.2K 16.7K 586

Where Is General Motors Standing Right Now?

  • With a volume of 5,203,413, the price of GM is down 0.0% at $32.26.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 27 days.

What The Experts Say On General Motors:

  • UBS upgraded its action to Buy with a price target of $44

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for General Motors, Benzinga Pro gives you real-time options trades alerts.

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GMGeneral Motors Co
$49.20-0.16%

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