General Electric Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on General Electric.

Looking at options history for General Electric GE we detected 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 52% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $1,958,127 and 4, calls, for a total amount of $141,528.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $135.0 for General Electric over the last 3 months.

Volume & Open Interest Development

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 General Electric'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 General Electric's whale activity within a strike price range from $40.0 to $135.0 in the last 30 days.

General Electric Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GE PUT SWEEP NEUTRAL 01/20/23 $120.00 $599.5K 1.4K 178
GE PUT SWEEP BULLISH 06/17/22 $90.00 $315.0K 9.3K 142
GE PUT TRADE BULLISH 01/20/23 $120.00 $256.8K 1.4K 48
GE PUT TRADE NEUTRAL 01/20/23 $120.00 $130.8K 1.4K 208
GE PUT SWEEP BEARISH 06/24/22 $67.00 $130.0K 528 522

Where Is General Electric Standing Right Now?

  • With a volume of 4,050,679, the price of GE is down -4.31% at $66.12.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 40 days.

What The Experts Say On General Electric:

  • Barclays has decided to maintain their Overweight rating on General Electric, which currently sits at a price target of $96.
  • Morgan Stanley has decided to maintain their Overweight rating on General Electric, which currently sits at a price target of $100.

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

Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
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