Spotlight on General Motors: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards General Motors GM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for General Motors. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 70% leaning bullish and 30% bearish. Among these notable options, 5 are puts, totaling $400,727, and 5 are calls, amounting to $266,084.

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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 $25.0 to $40.0 for General Motors during the past quarter.

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 Motors'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 Motors's whale activity within a strike price range from $25.0 to $40.0 in the last 30 days.

General Motors Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About General Motors

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021, with share up 170 basis points to 16.4%, a full percentage point ahead of Toyota. GM's Cruise autonomous vehicle arm is providing driverless geofenced AV robotaxi services in San Francisco and other cities and has an exclusive deal with Dubai to do the same. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

In light of the recent options history for General Motors, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is General Motors Standing Right Now?

• With a trading volume of 7,568,966, the price of GM is down by -0.57%, reaching $28.02.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 64 days from now.

What The Experts Say On General Motors

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $37.0.

• In a positive move, an analyst from Barclays has upgraded their rating to Overweight and adjusted the price target to $37.

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