This Is What Whales Are Betting On GE Aero

Financial giants have made a conspicuous bearish move on GE Aero. Our analysis of options history for GE Aero GE revealed 22 unusual trades.

Delving into the details, we found 31% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $522,476, and 14 were calls, valued at $1,798,288.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $210.0 for GE Aero during the past quarter.

Analyzing Volume & Open Interest

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 $125.0 to $210.0 over the preceding 30 days.

GE Aero Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GE CALL TRADE BEARISH 12/20/24 $13.7 $12.9 $13.1 $180.00 $917.0K 40 701
GE CALL TRADE BEARISH 06/07/24 $12.2 $12.1 $12.1 $160.00 $191.1K 34 281
GE CALL TRADE BULLISH 06/20/25 $36.75 $35.95 $36.75 $150.00 $183.7K 481 0
GE CALL TRADE BEARISH 06/21/24 $12.6 $12.5 $12.5 $160.00 $125.0K 28.9K 70
GE PUT SWEEP BEARISH 01/16/26 $10.25 $10.2 $10.25 $140.00 $94.3K 633 101

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.

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

Present Market Standing of GE Aero

  • Trading volume stands at 2,246,787, with GE's price up by 1.1%, positioned at $169.82.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 77 days.

Expert Opinions on GE Aero

5 market experts have recently issued ratings for this stock, with a consensus target price of $182.4.

  • An analyst from Goldman Sachs downgraded its action to Buy with a price target of $190.
  • An analyst from Jefferies has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $185.
  • An analyst from B of A Securities persists with their Buy rating on GE Aero, maintaining a target price of $165.
  • An analyst from Wells Fargo has decided to maintain their Overweight rating on GE Aero, which currently sits at a price target of $192.
  • An analyst from Jefferies has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $180.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for GE Aero with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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