General Electric Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a majority of investors taking a bearish stance. Of the 12 strange trades detected, 66% were bearish and 33% bullish. The total amount for puts was $434,061 and for calls was $175,010. Whales have been targeting a price range from $40.0 to $115.0 for GE over the last 3 months. Barclays and RBC Capital have maintained their Overweight and Outperform ratings on GE, respectively, with price targets of $133 and $131.

October 30, 2023 | 3:45 pm
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General Electric has seen unusual options activity, with a majority of investors taking a bearish stance. Barclays and RBC Capital have maintained their positive ratings on GE.
The bearish stance taken by a majority of investors in the unusual options activity could potentially drive the stock price down in the short term. However, the positive ratings maintained by Barclays and RBC Capital could counteract this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100