GE Vernova's Options Frenzy: What You Need to Know
Investors with a lot of money to spend have taken a bullish stance on GE Vernova (NYSE:GEV).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GEV, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for GE Vernova.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $39,500, and 13, calls, for a total amount of $661,413.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $145.0 to $200.0 for GE Vernova over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ...
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