Analysis

Exploring the Latest Trends in GE Aero Options Trading

Published November 8, 2024

Financial giants have recently taken a clear bearish stance on GE Aero. Our examination of the options history for GE Aero (NYSE: GE) has uncovered 12 unusual trades.

Upon closer inspection, we found that only 8% of the traders held a bullish position, while a substantial 83% leaned toward bearish sentiments. Specifically, among the trades observed, 2 were put options with a total value of $110,383 and 10 were call options valued at $992,902.

Price Target Insights

By analyzing the volume and open interest in these contracts, it appears that major investors have targeted a price range between $185.00 and $200.00 for GE Aero over the past quarter.

Volume and Open Interest Trends

The average open interest for GE Aero options trades today stands at 2,108, with overall volume recorded at 4,453. In the following chart, we can track the changes in volume and open interest for both call and put options on GE Aero's significant trades, particularly within the strike price of $185.00 to $200.00 over the last month.

30-Day Options Activity Review

Here are some notable trades:

Symbol PUT/CALL Trade Type Sentiment Expiration Date Ask Bid Price Strike Price Total Trade Value Open Interest Volume
GE CALL TRADE BEARISH 03/21/25 $11.70 $11.45 $11.45 $190.00 $458.00K 2.7K 402
GE CALL TRADE BULLISH 12/20/24 $5.80 $5.80 $5.80 $185.00 $116.00K 5.7K 256
GE CALL SWEEP BEARISH 12/20/24 $6.20 $6.15 $6.15 $185.00 $89.10K 5.7K 546
GE PUT SWEEP BEARISH 01/17/25 $19.50 $19.45 $19.50 $200.00 $78.00K 216 40
GE CALL SWEEP BEARISH 06/20/25 $12.25 $12.05 $12.35 $200.00 $73.90K 1.7K 61

About GE Aero

GE Aerospace is a leading company in the design, production, and maintenance of large aircraft engines. Together with its partner Safran in the CFM joint venture, GE Aerospace boasts a global installed base of nearly 70,000 engines used in both commercial and military aircraft. The company primarily earns its revenue from ongoing service contracts related to these engines, which can function for many years. Formed in 1892, GE has undergone significant transformations, spinning off various businesses while maintaining its core focus in aviation.

Current Status of GE Aero

  • Currently trading at $179.49, GE shares have risen by 0.36% with a trading volume of 1,935,870.
  • The Relative Strength Index (RSI) indicates that the stock is presently in a neutral phase, situated between overbought and oversold conditions.
  • The next anticipated earnings release is scheduled for 74 days from now.

Analyst Insights on GE Aero

In the past month, five analysts have offered their opinions on GE Aero, establishing an average price target of $214.20. Summary of their perspectives includes:

— An analyst from UBS has maintained a ‘Buy’ rating with a target of $230.

— Citigroup has also retained a ‘Buy’ rating, setting the price target at $216.

— RBC Capital continues with an ‘Outperform’ rating, targeting $200.

— B of A Securities has held a ‘Buy’ rating, also with a price target of $200.

— Bernstein’s perspective remains in favor of an ‘Outperform’ classification, aiming for $225.

Options trading comes with inherent risks and possible rewards. Savvy traders mitigate these risks through continuous education, strategy adjustments, monitoring various indicators, and staying updated on market dynamics. Valuing real-time updates is crucial for those interested in GE Aero options trading.

options, trading, GE