General Electric Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on General Electric (NYSE:GE) as indicated by unusual options activity. The sentiment among big-money traders is split between 44% bullish and 55% bearish. The majority of the options uncovered are puts, with a total amount of $1,146,698, and there was 1 call, for a total amount of $32,625. Whales have been targeting a price range from $90.0 to $120.0 for General Electric over the last 3 months.
August 24, 2023 | 5:01 pm
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Unusual options activity indicates a bearish stance on General Electric. The sentiment among big-money traders is split, with a slight lean towards bearish. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the high volume of puts, indicates a bearish sentiment towards General Electric. This could potentially lead to a decrease in the stock's price in the short term. However, the sentiment among big-money traders is split, which adds some uncertainty to the potential impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100