Check Out What Whales Are Doing With General Motors

General Motors Company -1.73%

General Motors Company




Financial giants have made a conspicuous bullish move on General Motors. Our analysis of options history for General Motors (NYSE:GM) revealed 11 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $953,800, and 7 were calls, valued at $355,647.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $31.0 to $45.0 for General Motors over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for General Motors's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of General Motors's whale activity within a strike price range from $31.0 to $45.0 in the last 30 days.

General Motors Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
GM PUT TRADE BULLISH 09/20/24 $35.00 $722.7K 2.7K 2.6K
GM PUT TRADE BULLISH 01/05/24 $37.00 $115.0K 51 2.0K
GM CALL SWEEP BEARISH 01/17/25 $45.00 $101.0K 11.1K 500
GM CALL SWEEP BEARISH 06/20/25 $42.00 $74.5K 663 185
GM PUT TRADE BEARISH 01/05/24 $37.00 $58.0K 51 500

About General Motors

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021, with share up 170 basis points to 16.4%, a full percentage point ahead of Toyota. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

In light of the recent options history for General Motors, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of General Motors

  • Trading volume stands at 5,653,355, with GM's price down by -0.44%, positioned at $35.92.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 33 days.

Expert Opinions on General Motors

In the last month, 5 experts released ratings on this stock with an average target price of $51.46.

  • An analyst from Wedbush persists with their Outperform rating on General Motors, maintaining a target price of $40.
  • An analyst from Citigroup has decided to maintain their Buy rating on General Motors, which currently sits at a price target of $95.
  • An analyst from HSBC has revised its rating downward to Buy, adjusting the price target to $41.
  • An analyst from Wells Fargo has decided to maintain their Underweight rating on General Motors, which currently sits at a price target of $27.
  • Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for General Motors, targeting a price of $54.

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 General Motors, Benzinga Pro gives you real-time options trades alerts.

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