Spotlight on General Electric: Analyzing the Surge in Options Activity - GE Aero (NYSE:GE)

Whales with a lot of money to spend have taken a noticeably bearish stance on General Electric.

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

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $770,518 and 4, calls, for a total amount of $291,439.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $140.0 for General Electric, spanning the last three 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 $100.0 to $140.0 in the last 30 days.

General Electric Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
GE	CALL	TRADE	BEARISH	03/15/24	$130.00	$155.5K	3.1K	17
GE	PUT	TRADE	BEARISH	02/23/24	$140.00	$72.7K	0	0
GE	CALL	TRADE	BEARISH	06/21/24	$130.00	$66.9K	2.7K	88
GE	PUT	TRADE	BULLISH	03/15/24	$130.00	$58.2K	1.5K	77
GE	PUT	SWEEP	BULLISH	03/15/24	$130.00	$58.1K	1.5K	231

About General Electric

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.

Having examined the options trading patterns of General Electric, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of General Electric

With a volume of 1,720,494, the price of GE is down -0.06% at $126.21.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 15 days.

Professional Analyst Ratings for General Electric

4 market experts have recently issued ratings for this stock, with a consensus target price of $144.5.

Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on General Electric with a target price of $148.
An analyst from RBC Capital has decided to maintain their Outperform rating on General Electric, which currently sits at a price target of $150.
An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $144.
An analyst from JP Morgan persists with their Neutral rating on General Electric, maintaining a target price of $136.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest General Electric options trades with real-time alerts from Benzinga Pro.

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