Financial giants have made a conspicuous bullish move on GE Vernova. Our analysis of options history for GE Vernova GEV revealed 26 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $145,818, and 22 were calls, valued at $1,269,334.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $190.0 for GE Vernova, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for GE Vernova options trades today is 450.09 with a total volume of 4,992.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for GE Vernova's big money trades within a strike price range of $145.0 to $190.0 over the last 30 days.
GE Vernova Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | CALL | TRADE | BULLISH | 05/17/24 | $10.5 | $10.2 | $10.5 | $145.00 | $105.0K | 1.0K | 563 |
| GEV | CALL | SWEEP | BEARISH | 05/17/24 | $10.8 | $10.5 | $10.5 | $145.00 | $105.0K | 1.0K | 463 |
| GEV | CALL | SWEEP | BULLISH | 05/17/24 | $14.1 | $13.9 | $14.1 | $145.00 | $98.7K | 1.0K | 102 |
| GEV | CALL | TRADE | BULLISH | 05/17/24 | $13.5 | $13.1 | $13.5 | $145.00 | $94.5K | 1.0K | 172 |
| GEV | CALL | TRADE | BULLISH | 05/17/24 | $13.8 | $13.5 | $13.8 | $145.00 | $93.8K | 1.0K | 310 |
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.
Present Market Standing of GE Vernova
- With a volume of 2,585,412, the price of GEV is down -3.77% at $153.01.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 14 days.
Professional Analyst Ratings for GE Vernova
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $152.4.
- An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $141.
- An analyst from JP Morgan has revised its rating downward to Neutral, adjusting the price target to $141.
- An analyst from Raymond James downgraded its action to Outperform with a price target of $160.
- An analyst from RBC Capital downgraded its action to Outperform with a price target of $160.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for GE Vernova, targeting a price of $160.
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 GE Vernova options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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