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Investors with a lot of money to spend have taken a bullish stance on General Dynamics (NYSE:GD).
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 GD, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 20 options trades for General Dynamics.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $53,506, and 19, calls, for a total amount of $2,443,710.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $260.0 to $300.0 for General Dynamics during the past quarter.
In terms of liquidity and interest, the mean open interest for General Dynamics options trades today is 773.5 with a total volume of 16,725.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for General Dynamics's big money trades within a strike price range of $260.0 to $300.0 over the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GD | CALL | SWEEP | BEARISH | 11/15/24 | $16.6 | $16.0 | $16.5 | $300.00 | $498.6K | 14 | 302 |
| GD | CALL | SWEEP | BULLISH | 08/16/24 | $9.7 | $9.6 | $9.6 | $300.00 | $308.1K | 3.0K | 1.5K |
| GD | CALL | SWEEP | BEARISH | 08/16/24 | $9.3 | $8.9 | $9.2 | $300.00 | $264.9K | 3.0K | 977 |
| GD | CALL | SWEEP | BULLISH | 08/16/24 | $11.1 | $11.0 | $11.0 | $300.00 | $236.6K | 3.0K | 587 |
| GD | CALL | SWEEP | BULLISH | 08/16/24 | $9.4 | $9.0 | $9.4 | $300.00 | $153.2K | 3.0K | 1.2K |
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technology. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
In light of the recent options history for General Dynamics, it's now appropriate to focus on the company itself. We aim to explore its current performance.
4 market experts have recently issued ratings for this stock, with a consensus target price of $322.5.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest General Dynamics options trades with real-time alerts from Benzinga Pro.
Posted In: GD
