Smart Money Is Betting Big In GE Aero Options

Deep-pocketed investors have adopted a bearish approach towards GE Aero GE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GE usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for GE Aero. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 8 are puts, totaling $545,168, and 22 are calls, amounting to $1,668,180.

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 $140.0 and $165.0 for GE Aero, spanning the last three months.

Analyzing 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 Aero'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 Aero's whale trades within a strike price range from $140.0 to $165.0 in the last 30 days.

GE Aero Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GE CALL SWEEP BEARISH 04/26/24 $7.1 $6.35 $6.36 $155.00 $341.1K 239 1.6K
GE PUT SWEEP BEARISH 05/03/24 $4.7 $4.2 $4.2 $150.00 $214.8K 0 516
GE CALL TRADE BULLISH 05/17/24 $8.45 $8.2 $8.45 $150.00 $168.9K 3.5K 36
GE CALL SWEEP BEARISH 06/20/25 $21.25 $21.2 $21.2 $160.00 $163.2K 19 105
GE CALL SWEEP BULLISH 04/19/24 $3.2 $2.83 $3.2 $155.00 $112.0K 1.6K 852

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.

Where Is GE Aero Standing Right Now?

  • With a trading volume of 6,219,033, the price of GE is up by 0.65%, reaching $148.35.
  • Current RSI values indicate that the stock is may be overbought.
  • Next earnings report is scheduled for 18 days from now.

What The Experts Say On GE Aero

In the last month, 5 experts released ratings on this stock with an average target price of $174.0.

  • Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for GE Aero, targeting a price of $148.
  • Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for GE Aero, targeting a price of $177.
  • Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on GE Aero with a target price of $190.
  • An analyst from Barclays persists with their Overweight rating on GE Aero, maintaining a target price of $175.
  • An analyst from JP Morgan upgraded its action to Overweight with a price target of $180.

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

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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