A Closer Look at GE Vernova's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on GE Vernova.

Looking at options history for GE Vernova GEV we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $246,150 and 11, calls, for a total amount of $560,184.

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Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $260.0 and $380.0 for GE Vernova, spanning the last three months.

Volume & Open Interest Trends

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 $260.0 to $380.0 in the last 30 days.

GE Vernova Call and Put Volume: 30-Day Overview

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.

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

• Currently trading with a volume of 392,871, the GEV's price is down by -5.55%, now at $256.41.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 16 days.

What Analysts Are Saying About GE Vernova

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $409.33.

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. * In a cautious move, an analyst from Susquehanna downgraded its rating to Positive, setting a price target of $370. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on GE Vernova with a target price of $445. * An analyst from Jefferies has decided to maintain their Buy rating on GE Vernova, which currently sits at a price target of $413.

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.