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Nov 7, 2024
Understanding the Bearish Options Activity Around GE Vernova (NYSE:GEV)
Recently, a significant number of investors have adopted a bearish outlook towards GE Vernova (GEV). This information has become clear through the options trading history available for public view.
As large investors, whether institutions or affluent individuals, take this stance, retail traders should stay informed and consider the implications.
On this day, the options scanner reported 45 unusual options trades for GE Vernova. Such activity is noteworthy as it diverges from the norm.
The overall sentiment among these larger traders is somewhat mixed, with 37% expressing bullish views while 48% are bearish. Among the trades identified, 15 involved put options totaling approximately $1,059,824, while 30 were call options worth about $2,514,330.
Predicted Price Range
By analyzing the trading volumes and the open interest in the options market, it is evident that significant market participants are concentrating on a price range between $210.0 and $300.0 for GE Vernova, based on the last three months of trading data.
Insights into Volume & Open Interest
Understanding volume and open interest is essential for options trading, as these metrics provide insight into liquidity and the interest investors have in GE Vernova's options at various strike prices. The following data reflects the changes in volume and open interest tied to substantial trades of GE Vernova, within a strike price range of $210.0 to $300.0 over the past month.
GE Vernova Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | CALL | TRADE | BULLISH | 11/15/24 | $11.2 | $10.6 | $11.1 | $285.00 | $444.0K | 6 | 1.2K |
| GEV | PUT | SWEEP | BEARISH | 02/21/25 | $25.0 | $24.9 | $25.0 | $270.00 | $300.2K | 14 | 120 |
| GEV | CALL | TRADE | BEARISH | 01/17/25 | $73.9 | $73.7 | $73.7 | $210.00 | $294.8K | 595 | 89 |
| GEV | CALL | SWEEP | BEARISH | 12/20/24 | $14.0 | $12.8 | $12.8 | $300.00 | $192.0K | 852 | 251 |
| GEV | PUT | TRADE | BULLISH | 01/17/25 | $13.1 | $12.6 | $12.8 | $250.00 | $188.1K | 64 | 147 |
About GE Vernova
GE Vernova stands at the forefront of the electric power sector, providing a range of products and services aimed at generating, transferring, converting, and storing electricity. The company has three core segments: power, wind, and electrification. The power segment encompasses gas, nuclear, hydroelectric, and steam technologies, facilitating reliable energy production. The wind segment includes technologies for both onshore and offshore wind power generation, while electrification covers solutions for grid operations, power conversion, electrification software, and technologies for solar and energy storage.
Following a comprehensive analysis of the options trading related to GE Vernova, it is prudent to consider the company's current market position and performance metrics as well.
GE Vernova's Current Market Status
- Currently, GE Vernova shares have a trading volume of 2,569,502, with a price holding steady at $276.42.
- Present RSI indicators suggest that the stock may be nearing overbought conditions.
- An earnings report is anticipated in just one day.
Options trading involves higher risks and possible gains. Investors are encouraged to stay diligent by continuously learning, adjusting their strategies, and carefully monitoring market trends.
options, trading, GEV