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Spotlight on GEO Group: Analyzing the Surge in Options Activity

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Deep-pocketed investors have adopted a bullish approach towards GEO Group (NYSE:GEO), 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 GEO usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 8 extraordinary options activities for GEO Group. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $344,820, and 6 are calls, amounting to $1,245,074.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $15.0 for GEO Group during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for GEO Group’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across GEO Group’s significant trades, within a strike price range of $10.0 to $15.0, over the past month.

GEO Group Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GEO CALL TRADE BULLISH 01/17/25 $1.65 $1.5 $1.6 $15.00 $671.5K 14.6K 5.0K
GEO CALL SWEEP BULLISH 01/17/25 $2.05 $1.9 $2.05 $14.00 $382.7K 0 1.8K
GEO PUT SWEEP BEARISH 06/21/24 $0.45 $0.35 $0.45 $13.00 $224.8K 808 1.0K
GEO PUT TRADE BULLISH 06/21/24 $0.4 $0.1 $0.2 $12.00 $120.0K 405 6.0K
GEO CALL SWEEP BULLISH 01/17/25 $1.6 $1.6 $1.6 $15.00 $62.5K 14.6K 715

About GEO Group

The GEO Group Inc specializes in detention facilities and community reentry centers. It operates in four segments: U.S. Secure Services, which mainly encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring…

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