General Electric Whale Trades Spotted

General Electric Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on General Electric.

Looking at options history for General Electric (NYSE:GE) we detected 16 strange trades.

If we consider the specifics of each trade, it is accurate to state that 56.25% of the investors opened trades with bullish expectations and 43.75% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $774,310.00 and 8, calls, for a total amount of $613,724.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $115.0 for General Electric over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading …

Full story available on Benzinga.com