A Closer Look at General Motors's Options Market Dynamics

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 8 uncommon options trades for General Motors.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $67,960, and 6 are calls, for a total amount of $247,038.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $33.0 to $47.0 for General Motors over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for General Motors options trades today is 4404.0 with a total volume of 44.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for General Motors's big money trades within a strike price range of $33.0 to $47.0 over the last 30 days.

General Motors Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GM CALL SWEEP BEARISH 11/15/24 $3.45 $3.4 $3.4 $46.00 $54.7K 1 0
GM CALL TRADE BULLISH 01/17/25 $4.7 $4.55 $4.7 $45.00 $47.0K 12.7K 0
GM CALL SWEEP BULLISH 06/21/24 $1.07 $1.03 $1.07 $47.00 $42.8K 3.8K 13
GM CALL SWEEP BEARISH 09/20/24 $11.4 $10.95 $11.16 $33.00 $36.7K 4.2K 0
GM PUT TRADE BEARISH 04/26/24 $1.21 $1.16 $1.2 $43.00 $36.0K 609 1

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.

Current Position of General Motors

  • With a trading volume of 686,155, the price of GM is down by -1.29%, reaching $43.27.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 11 days from now.

What Analysts Are Saying About General Motors

In the last month, 5 experts released ratings on this stock with an average target price of $47.8.

  • Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for General Motors, targeting a price of $55.
  • An analyst from Morgan Stanley persists with their Overweight rating on General Motors, maintaining a target price of $46.
  • Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on General Motors with a target price of $48.
  • An analyst from Morgan Stanley has decided to maintain their Overweight rating on General Motors, which currently sits at a price target of $46.
  • An analyst from Piper Sandler has revised its rating downward to Neutral, adjusting the price target to $44.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest General Motors options trades with real-time alerts from Benzinga Pro.

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!