Smart Money Is Betting Big In GE Aero Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards GE Aero (NYSE:GE), with options activity suggesting significant moves. Benzinga's tracking revealed 30 unusual options activities, with a bearish majority. The price band focus is between $140.0 and $165.0. Notable trades include both puts and calls with varying sentiments and strike prices. GE Aerospace, a leader in aircraft engines, is the core business of GE, which has spun off other divisions. The stock is slightly up, with a current price of $148.35, and experts have given it an average target price of $174.0.

April 05, 2024 | 3:46 pm
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NEUTRAL IMPACT
GE Aero sees significant bearish options activity, with a focus on a $140-$165 price band. The stock is currently up, with experts targeting an average price of $174.0.
The bearish sentiment among deep-pocketed investors, as indicated by the options activity, suggests caution. However, the stock's current uptrend and positive analyst ratings, with an average target price significantly above the current price, provide a counterbalance. This mixed sentiment leads to a neutral short-term impact score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100