High-rolling investors have positioned themselves bearish on GE Vernova (NYSE:GEV), and it’s important for retail traders to take note.
This activity came to our attention today through Benzinga’s tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GEV often signals that someone has privileged information.
Today, Benzinga’s options scanner spotted 11 options trades for GE Vernova. This is not a typical pattern.
The sentiment among these major traders is split, with 27% bullish and 54% bearish. Among all the options we identified, there was one put, amounting to $27,280, and 10 calls, totaling $732,007.
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 $165.0 and $175.0 for GE Vernova, spanning the last three months.
Analyzing Volume & Open Interest
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 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 activity within a strike price range from $165.0 to $175.0 in the last 30 days.
GE Vernova Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | CALL | SWEEP | BEARISH | 07/19/24 | $8.9 | $8.8 | $8.9 | $175.00 | $153.0K | 2.7K | 604 |
| GEV | CALL | SWEEP | BEARISH | 07/19/24 | $9.4 | $9.1 | $9.1 | $175.00 | $91.0K | 2.7K | 432 |
| GEV | CALL | TRADE | BULLISH | 07/19/24 | $9.6 | $9.3 | $9.6 | $175.00 | $86.4K | 2.7K | 92 |
| GEV | CALL | TRADE | BEARISH | 07/19/24 | $9.0 | $8.2 | $8.5 | $175.00 | $85.0K | 2.7K | 1.5K |
| GEV | CALL | TRADE | NEUTRAL | 07/19/24 | $8.8 | $8.2 | $8.48 | $175.00 | $84.8K | 2.7K | 1.4K |
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…
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