Smart Money Is Betting Big In GE Aero Options

Financial giants have made a conspicuous bearish move on GE Aero. Our analysis of options history for GE Aero GE revealed 17 unusual trades.

Delving into the details, we found 47% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $188,303, and 13 were calls, valued at $982,024.

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 $115.0 and $170.0 for GE Aero, spanning the last three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in GE Aero's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to GE Aero's substantial trades, within a strike price spectrum from $115.0 to $170.0 over the preceding 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 05/03/24 $4.3 $4.25 $4.3 $160.00 $213.2K 1.1K 47
GE CALL SWEEP BEARISH 06/21/24 $4.1 $4.05 $4.1 $170.00 $187.0K 23.1K 124
GE CALL SWEEP BULLISH 05/03/24 $4.85 $4.15 $4.15 $160.00 $114.5K 1.1K 568
GE CALL TRADE BULLISH 05/03/24 $13.35 $13.25 $13.35 $145.00 $66.7K 293 150
GE PUT SWEEP BEARISH 09/20/24 $11.25 $11.15 $11.15 $155.00 $63.7K 308 9

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

Present Market Standing of GE Aero

  • With a trading volume of 4,299,763, the price of GE is down by -1.53%, reaching $152.12.
  • Current RSI values indicate that the stock is may be overbought.
  • Next earnings report is scheduled for 13 days from now.

What The Experts Say On GE Aero

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $174.0.

  • Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for GE Aero, targeting a price of $180.
  • An analyst from Vertical Research has revised its rating downward to Buy, adjusting the price target to $160.
  • An analyst from Barclays has decided to maintain their Overweight rating on GE Aero, which currently sits at a price target of $175.
  • An analyst from Deutsche Bank persists with their Buy rating on GE Aero, maintaining a target price of $190.
  • Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for GE Aero, targeting a price of $165.

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
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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!