Market Whales and Their Recent Bets on General Motors Options

Investors with a lot of money to spend have taken a bearish stance on General Motors GM.

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 GM, 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 13 uncommon options trades for General Motors.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,286,950, and 7 are calls, for a total amount of $414,089.

Latest Startup Investment Opportunities:

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $28.0 to $47.0 for General Motors over the recent three months.

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 General Motors'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 General Motors's whale activity within a strike price range from $28.0 to $47.0 in the last 30 days.

General Motors 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About General Motors

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021. 2023's share was 16.5%. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. It should restart in at least one city in 2024. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

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

Present Market Standing of General Motors

• With a trading volume of 6,614,075, the price of GM is up by 1.69%, reaching $39.02.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 68 days from now.

Expert Opinions on General Motors

5 market experts have recently issued ratings for this stock, with a consensus target price of $41.4.

• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for General Motors, targeting a price of $44.
• Reflecting concerns, an analyst from Redburn Atlantic lowers its rating to Neutral with a new price target of $40.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Underweight rating for General Motors, targeting a price of $28.
• An analyst from Wedbush has decided to maintain their Outperform rating on General Motors, which currently sits at a price target of $45.
• An analyst from Goldman Sachs has decided to maintain their Buy rating on General Motors, which currently sits at a price target of $50.

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 General Motors, Benzinga Pro gives you real-time options trades alerts.