General Electric Unusual Options Activity For June 22
Portfolio Pulse from Benzinga Insights
A large bearish position on General Electric (NYSE:GE) has been spotted, with 10 uncommon options trades identified. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $65.0 to $115.0 for GE over the last 3 months. Barclays maintains an Overweight rating on GE with a price target of $125.
June 22, 2023 | 8:02 pm
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A large bearish position has been identified in General Electric (NYSE:GE) with 10 uncommon options trades. The sentiment of big-money traders is 40% bullish and 60% bearish. Barclays maintains an Overweight rating on GE with a price target of $125.
The large bearish position identified in General Electric's options trades indicates that big-money traders are expecting the stock price to go down in the short term. This bearish sentiment, combined with the fact that 60% of the big-money traders are bearish, suggests that the stock price is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100