General Electric Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on General Electric (NYSE:GE) with 14 unusual options trades detected. 35% of investors opened trades with bullish expectations and 64% with bearish. Whales have been targeting a price range of $85 to $110 for GE over the last 3 months.
May 23, 2023 | 5:45 pm
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A whale has taken a bearish stance on General Electric (NYSE:GE) with 14 unusual options trades detected. 35% of investors opened trades with bullish expectations and 64% with bearish.
The article highlights a whale taking a bearish stance on General Electric with 14 unusual options trades. This indicates that the whale expects the stock price to go down in the short term. The fact that 64% of investors have bearish expectations also supports this view. Therefore, the short-term impact on GE's stock price is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100