Market Whales and Their Recent Bets on GEO Options

High-rolling investors have positioned themselves bearish on GEO Group GEO, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GEO often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for GEO Group. This is not a typical pattern.

The sentiment among these major traders is split, with 10% bullish and 90% bearish. Among all the options we identified, there was one put, amounting to $43,826, and 9 calls, totaling $467,140.

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Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $10.0 for GEO Group during the past quarter.

Volume & Open Interest Trends

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 $10.0 to $10.0, over the past month.

GEO Group 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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 primarily 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.

Where Is GEO Group Standing Right Now?

• Currently trading with a volume of 746,201, the GEO's price is up by 1.09%, now at $9.29.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 95 days.

What The Experts Say On GEO Group

1 market experts have recently issued ratings for this stock, with a consensus target price of $14.0.

• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for GEO Group, targeting a price of $14.

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 GEO Group with Benzinga Pro for real-time alerts.