General Electric Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a mix of bullish and bearish stances. The trades include 3 puts amounting to $112,489 and 15 calls amounting to $768,345. Whales have been targeting a price range from $80.0 to $120.0 for GE over the last 3 months. The current price of GE is up 1.48% at $114.73, with RSI indicators suggesting it may be approaching overbought.
August 07, 2023 | 8:15 pm
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Unusual options activity has been observed for General Electric, with a mix of bullish and bearish stances. The current price of GE is up 1.48% at $114.73, with RSI indicators suggesting it may be approaching overbought.
The news reports unusual options activity for General Electric, indicating increased interest and potential volatility in the stock. However, the mix of bullish and bearish stances makes it difficult to predict the short-term price direction. The current price is up, but RSI indicators suggest it may be approaching overbought, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100