This Is What Whales Are Betting On GE Vernova

Investors with a lot of money to spend have taken a bullish 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 12 uncommon options trades for GE Vernova.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $136,535, and 9 are calls, for a total amount of $360,521.

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 $95.0 to $430.0 for GE Vernova during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $95.0 to $430.0 in the last 30 days.

GE Vernova 30-Day Option Volume & Interest Snapshot

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GEV CALL TRADE BEARISH 01/17/25 $43.4 $41.0 $41.0 $320.00 $61.5K 251 0
GEV CALL TRADE BEARISH 02/21/25 $61.3 $58.0 $59.2 $300.00 $59.2K 441 10
GEV CALL TRADE BULLISH 02/21/25 $4.2 $3.9 $4.2 $430.00 $58.8K 214 140
GEV PUT TRADE BEARISH 12/19/25 $65.5 $63.5 $65.5 $370.00 $52.4K 8 8
GEV PUT SWEEP BEARISH 01/17/25 $6.1 $5.3 $6.1 $345.00 $46.0K 20 84

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.

After a thorough review of the options trading surrounding GE Vernova, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

GE Vernova's Current Market Status

  • Trading volume stands at 1,904,214, with GEV's price down by -3.02%, positioned at $357.38.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 14 days.

What The Experts Say On GE Vernova

5 market experts have recently issued ratings for this stock, with a consensus target price of $398.4.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Wells Fargo persists with their Overweight rating on GE Vernova, maintaining a target price of $411. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for GE Vernova, targeting a price of $400. * An analyst from Jefferies has decided to maintain their Buy rating on GE Vernova, which currently sits at a price target of $391. * An analyst from Evercore ISI Group has decided to maintain their Outperform rating on GE Vernova, which currently sits at a price target of $390. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on GE Vernova with a target price of $400.

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 GE Vernova with Benzinga Pro for real-time alerts.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!