Whales with a lot of money to spend have taken a noticeably bearish stance on GE Vernova.
Looking at options history for GE Vernova (NYSE:GEV) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $170,585 and 15, calls, for a total amount of $677,995.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $360.0 for GE Vernova over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for GE Vernova'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 GE Vernova's whale trades within a strike price range from $200.0 to $360.0 in the last 30 days.
GE Vernova 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | PUT | TRADE | NEUTRAL | 01/17/25 | $16.8 | $14.3 | $15.5 | $330.00 | $96.1K | 375 | 63 |
| GEV | PUT | SWEEP | BULLISH | 01/17/25 | $1.9 | $1.7 | $1.9 | $280.00 | $74.4K | 477 | 441 |
| GEV | CALL | SWEEP | BULLISH | 01/17/25 | $11.7 | $11.7 | $11.7 | $350.00 | $73.7K | 692 | 86 |
| GEV | CALL | TRADE | BEARISH | 01/16/26 | $74.9 | $73.3 | $73.3 | $330.00 | $73.3K | 18 | 10 |
| GEV | CALL | SWEEP | BEARISH | 01/17/25 | $44.6 | $42.5 | $43.31 | $300.00 | $69.1K | 2.2K | 20 |
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.
After a thorough review of the options trading surrounding GE Vernova, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is GE Vernova Standing Right Now? Currently trading with a volume of 936,245, the GEV's price is up by 1.09%, now at $335.63. RSI readings suggest the stock is currently is currently neutral between overbought and oversold. Anticipated earnings release is in 11 days. Expert Opinions on GE Vernova
In the last month, 5 experts released ratings on this stock with an average target price of $404.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Guggenheim persists with their Buy rating on GE Vernova, maintaining a target price of $400. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on GE Vernova with a target price of $420. * An analyst from Goldman Sachs persists with their Buy rating on GE Vernova, maintaining a target price of $400. * An analyst from Wells Fargo persists with their Overweight rating on GE Vernova, maintaining a target price of $411. * Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for GE Vernova, targeting a price of $391.
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 GE Vernova options trades with real-time alerts from Benzinga Pro.
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