General Electric Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in General Electric (NYSE:GE), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 16 options trades, with 43% bullish and 56% bearish sentiment. The total amount for 15 puts is $820,495, and for 1 call, it is $52,000. Whales have been targeting a price range of $85.0 to $115.0 for GE over the last 3 months.
June 07, 2023 | 4:32 pm
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A large investor has taken a bearish stance on General Electric (NYSE:GE) with unusual options activity. The overall sentiment is 43% bullish and 56% bearish, with a targeted price range of $85.0 to $115.0.
The unusual options activity indicates that a large investor is taking a bearish stance on General Electric, which could lead to increased selling pressure and a potential short-term decline in the stock price. The overall sentiment being more bearish than bullish also supports this view. However, it is important to note that options trading is riskier and more volatile than trading stocks, so the impact may not be as straightforward.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100