Market Whales and Their Recent Bets on General Electric Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bearish stance on General Electric (NYSE:GE) through significant options trading activity. Benzinga's options scanner revealed 37 unusual trades, with a sentiment split of 21% bullish and 78% bearish. Notable trades include both puts and calls with a predicted price range for GE between $140.0 and $170.0 over the next three months. The volume and open interest trends in GE's options indicate a high level of activity and interest in these price levels. GE's current stock price is $154.07, with potential indicators of being overbought.
February 28, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
General Electric has seen significant options trading activity indicating a bearish sentiment among market whales, with a focus on a price range between $140 and $170 over the next three months.
The bearish sentiment among significant investors, as indicated by the options trading activity, suggests a potential downward pressure on GE's stock price in the short term. The detailed options trades and the predicted price range provide concrete evidence supporting this analysis. Additionally, the current stock price being potentially overbought according to RSI indicators aligns with the bearish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100