Check Out What Whales Are Doing With General Electric
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on General Electric (NYSE:GE), with 12 options trades spotted, 11 of which are puts. The overall sentiment of these big-money traders is 33% bullish and 66% bearish. The whales have been targeting a price range from $100.0 to $120.0 for General Electric over the last 3 months. The current price of GE is up 0.95% at $110.97.
September 27, 2023 | 3:17 pm
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A large bearish position has been taken on General Electric, indicating potential downward pressure on the stock in the short term.
The large bearish position taken on General Electric, with 11 out of 12 options trades being puts, indicates that big-money traders are expecting the stock price to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
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