Behind the Scenes of GE Aero's Latest Options Trends

General Electric Company -1.80%

General Electric Company




Financial giants have made a conspicuous bullish move on GE Aero. Our analysis of options history for GE Aero (NYSE:GE) revealed 13 unusual trades.

Delving into the details, we found 61% of traders were bullish, while 15% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $117,870, and 10 were calls, valued at $962,504.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $230.0 for GE Aero during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of GE Aero stands at 602.25, with a total volume reaching 2,546.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in GE Aero, situated within the strike price corridor from $120.0 to $230.0, throughout the last 30 days.

GE Aero Call and Put Volume: 30-Day Overview

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GE CALL SWEEP NEUTRAL 05/17/24 $3.85 $3.8 $3.8 $165.00 $218.7K 1.6K 83
GE CALL SWEEP BEARISH 06/07/24 $1.59 $1.5 $1.5 $180.00 $150.0K 103 1.2K
GE CALL TRADE BULLISH 05/03/24 $7.0 $6.2 $6.9 $157.50 $138.0K 852 200
GE CALL TRADE BULLISH 05/24/24 $45.65 $45.25 $45.65 $120.00 $132.3K 0 17
GE CALL SWEEP NEUTRAL 06/20/25 $29.55 $27.2 $28.11 $160.00 $87.0K 457 30

About GE Aero

GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.

After a thorough review of the options trading surrounding GE Aero, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

GE Aero's Current Market Status

  • Trading volume stands at 602,952, with GE's price up by 1.48%, positioned at $164.76.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 85 days.

Professional Analyst Ratings for GE Aero

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $176.2.

  • An analyst from Citigroup has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $186.
  • An analyst from RBC Capital has decided to maintain their Outperform rating on GE Aero, which currently sits at a price target of $160.
  • An analyst from Argus Research has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $180.
  • Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on GE Aero with a target price of $165.
  • An analyst from Deutsche Bank has decided to maintain their Buy rating on GE Aero, which currently sits at a price target of $190.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for GE Aero, Benzinga Pro gives you real-time options trades alerts.

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