General Motors Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards General Motors GM, 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 GM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for General Motors. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 7 are puts, totaling $419,662, and 3 are calls, amounting to $136,865.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $36.5 and $55.0 for General Motors, spanning the last three months.

Insights into 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 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 trades within a strike price range from $36.5 to $55.0 in the last 30 days.

General Motors Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GM PUT TRADE BEARISH 01/17/25 $5.45 $5.4 $5.45 $45.00 $109.0K 1.4K 0
GM PUT TRADE BULLISH 04/19/24 $12.8 $12.7 $12.7 $55.00 $63.5K 4 0
GM PUT TRADE NEUTRAL 01/16/26 $5.9 $5.8 $5.85 $42.00 $58.5K 3.0K 300
GM PUT TRADE BULLISH 01/16/26 $5.9 $5.85 $5.85 $42.00 $58.5K 3.0K 100
GM PUT TRADE NEUTRAL 01/16/26 $5.9 $5.8 $5.85 $42.00 $58.5K 3.0K 0

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.

Following our analysis of the options activities associated with General Motors, we pivot to a closer look at the company's own performance.

Present Market Standing of General Motors

  • Currently trading with a volume of 3,149,045, the GM's price is down by -1.01%, now at $42.26.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 7 days.

What Analysts Are Saying About General Motors

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $48.75.

  • An analyst from Morgan Stanley has decided to maintain their Overweight rating on General Motors, which currently sits at a price target of $46.
  • Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for General Motors, targeting a price of $55.
  • An analyst from Mizuho has decided to maintain their Buy rating on General Motors, which currently sits at a price target of $48.
  • Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for General Motors, targeting a price of $46.

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.

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Posted In: OptionsMarketsBZI-UOA
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