Financial giants have made a conspicuous bullish move on GE Aero. Our analysis of options history for GE Aero GE revealed 16 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $751,503, and 4 were calls, valued at $202,230.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $165.0 to $250.0 for GE Aero during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for GE Aero options trades today is 1928.75 with a total volume of 5,107.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for GE Aero's big money trades within a strike price range of $165.0 to $250.0 over the last 30 days.
GE Aero Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GE | PUT | SWEEP | BEARISH | 10/18/24 | $13.05 | $13.0 | $13.05 | $170.00 | $177.4K | 646 | 517 |
| GE | CALL | SWEEP | BEARISH | 06/20/25 | $23.4 | $23.25 | $23.25 | $165.00 | $120.9K | 887 | 72 |
| GE | PUT | SWEEP | BULLISH | 10/18/24 | $13.2 | $13.0 | $13.04 | $170.00 | $100.4K | 646 | 517 |
| GE | PUT | SWEEP | NEUTRAL | 10/18/24 | $11.9 | $11.5 | $11.7 | $170.00 | $76.4K | 646 | 165 |
| GE | PUT | SWEEP | BEARISH | 10/18/24 | $11.95 | $11.45 | $11.8 | $170.00 | $64.7K | 646 | 100 |
About GE Aero
GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
Having examined the options trading patterns of GE Aero, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of GE Aero
- With a trading volume of 2,573,251, the price of GE is down by -0.22%, reaching $161.91.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 76 days from now.
Expert Opinions on GE Aero
In the last month, 3 experts released ratings on this stock with an average target price of $198.33333333333334.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on GE Aero with a target price of $190.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on GE Aero, which currently sits at a price target of $205.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on GE Aero with a target price of $200.
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 GE Aero options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
