Spotlight on GE Vernova: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bearish stance on GE Vernova GEV.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GEV, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for GE Vernova.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $583,100, and 5 are calls, for a total amount of $572,899.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.0 to $185.0 for GE Vernova during the past quarter.

Analyzing Volume & Open Interest

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 GE Vernova'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 GE Vernova's whale activity within a strike price range from $170.0 to $185.0 in the last 30 days.

GE Vernova Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About GE Vernova

GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.

In light of the recent options history for GE Vernova, it's now appropriate to focus on the company itself. We aim to explore its current performance.

GE Vernova's Current Market Status

• Currently trading with a volume of 1,162,920, the GEV's price is down by -1.45%, now at $177.13.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 13 days.

What The Experts Say On GE Vernova

In the last month, 4 experts released ratings on this stock with an average target price of $191.375.

• An analyst from Daiwa Capital downgraded its action to Outperform with a price target of $201.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on GE Vernova with a target price of $196.
• Reflecting concerns, an analyst from Argus Research lowers its rating to Buy with a new price target of $190.
• An analyst from Redburn Atlantic has revised its rating downward to Neutral, adjusting the price target to $178.

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 GE Vernova, Benzinga Pro gives you real-time options trades alerts.