Decoding GE Aero's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on GE Aero GE.

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 GE, 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 12 uncommon options trades for GE Aero.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 50%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $177,444, and 7 are calls, for a total amount of $669,210.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $170.0 for GE Aero over the recent three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for GE Aero's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across GE Aero's significant trades, within a strike price range of $125.0 to $170.0, over the past month.

GE Aero Option Volume And Open Interest Over 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
GE CALL TRADE BULLISH 07/19/24 $4.2 $4.05 $4.15 $165.00 $415.0K 2.0K 1.0K
GE CALL SWEEP BULLISH 06/28/24 $5.45 $5.2 $5.25 $160.00 $53.0K 105 103
GE CALL SWEEP BEARISH 06/28/24 $5.45 $5.2 $5.2 $160.00 $52.5K 105 257
GE CALL TRADE BEARISH 01/17/25 $13.5 $13.3 $13.3 $170.00 $47.8K 313 36
GE PUT TRADE BULLISH 09/20/24 $11.7 $11.65 $11.65 $165.00 $46.6K 384 130

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.

After a thorough review of the options trading surrounding GE Aero, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is GE Aero Standing Right Now?

  • Currently trading with a volume of 1,206,286, the GE's price is down by -1.69%, now at $158.73.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 49 days.

Professional Analyst Ratings for GE Aero

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $188.0.

  • Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on GE Aero with a target price of $175.
  • Maintaining their stance, an analyst from UBS continues to hold a Buy rating for GE Aero, targeting a price of $201.

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

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Posted In: OptionsMarketsBZI-UOA
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