General Electric's Options: A Look at What the Big Money is Thinking

Benzinga's options scanner just detected over 13 options trades for General Electric GE summing a total amount of $975,239.

At the same time, our algo caught 10 for a total amount of 919,529.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $167.5 to $170.0 for General Electric over the recent three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for General Electric's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across General Electric's significant trades, within a strike price range of $167.5 to $170.0, over the past month.

General Electric Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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 GE through a breakup of its businesses.

Having examined the options trading patterns of General Electric, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of General Electric

• Currently trading with a volume of 881,788, the GE's price is up by 1.11%, now at $175.48.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 27 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest General Electric options trades with real-time alerts from Benzinga Pro.