GE Vernova Unusual Options Activity

Financial giants have made a conspicuous bearish move on GE Vernova. Our analysis of options history for GE Vernova GEV revealed 69 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 26 were puts, with a value of $3,704,783, and 43 were calls, valued at $4,155,321.

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Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $540.0 for GE Vernova, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of GE Vernova stands at 355.62, with a total volume reaching 8,558.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in GE Vernova, situated within the strike price corridor from $160.0 to $540.0, throughout the last 30 days.

GE Vernova Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

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

GE Vernova's Current Market Status

• With a volume of 2,432,049, the price of GEV is down -2.04% at $475.14.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 55 days.

Expert Opinions on GE Vernova

3 market experts have recently issued ratings for this stock, with a consensus target price of $492.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for GE Vernova, targeting a price of $499. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on GE Vernova with a target price of $460. * An analyst from Jefferies downgraded its action to Hold with a price target of $517.

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