A Closer Look at General Motors's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on General Motors.

Looking at options history for General Motors GM we detected 17 trades.

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

From the overall spotted trades, 5 are puts, for a total amount of $474,444 and 12, calls, for a total amount of $825,689.

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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 $21.0 and $42.0 for General Motors, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for General Motors's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across General Motors's significant trades, within a strike price range of $21.0 to $42.0, over the past month.

General Motors Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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 has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

Where Is General Motors Standing Right Now?

• Trading volume stands at 12,853,906, with GM's price up by 1.1%, positioned at $33.04.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 55 days.

What The Experts Say On General Motors

In the last month, 5 experts released ratings on this stock with an average target price of $51.6.

• An analyst from Wedbush has decided to maintain their Outperform rating on General Motors, which currently sits at a price target of $40.
• In a positive move, an analyst from Mizuho has upgraded their rating to Buy and adjusted the price target to $42.
• An analyst from RBC Capital has decided to maintain their Outperform rating on General Motors, which currently sits at a price target of $54.
• Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for General Motors, targeting a price of $95.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Underweight rating on General Motors with a target price of $27.

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.