GE Vernova Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish approach towards GE Vernova GEV, 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 GEV usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for GE Vernova. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 44% bearish. Among these notable options, 2 are puts, totaling $747,499, and 7 are calls, amounting to $356,250.

Latest Startup Investment Opportunities:

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 $130.0 and $175.0 for GE Vernova, spanning the last 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 GE Vernova'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 Vernova's whale activity within a strike price range from $130.0 to $175.0 in the last 30 days.

GE Vernova Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About GE Vernova

GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.

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

GE Vernova's Current Market Status

• With a trading volume of 1,366,426, the price of GEV is up by 0.79%, reaching $149.0.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 1 days from now.

What The Experts Say On GE Vernova

In the last month, 5 experts released ratings on this stock with an average target price of $160.4.

• An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $160.
• An analyst from Exane BNP Paribas downgraded its action to Outperform with a price target of $177.
• Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $141.
• Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $150.
• Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $174.

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