someone with a lot of money to spend has taken a bearish stance on general motors gm and retail traders should know we noticed this today when the big position showed up on publicly available options history that we track here at benzinga whether this is an institution or just a wealthy individual we dont know but when something this big happens with gm it often means somebody knows something is about to happen the overall sentiment of these bigmoney traders is split between 26 bullish and 73 bearish out of all of the options we uncovered there was 1 put for a total amount of 51810 and 22 calls for a total amount of 2605417 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 350 to 350 for general motors over the last 3 months in terms of liquidity and interest the mean open interest for general motors options trades today is 16420 with a total volume of 10214700 in the following chart we are able to follow the development of volume and open interest of call and put options for general motorss big money trades within a strike price range of 350 to 350 over the last 30 days general motors option volume and open interest over last 30 days where is general motors standing right now   with a volume of 1604901 the price of gm is down 235 at 3622   rsi indicators hint that the underlying stock may be approaching oversold   next earnings are expected to be released in 77 days what the experts say on general motors   wells fargo has decided to maintain their underweight rating on general motors which currently sits at a price target of 33   citigroup has decided to maintain their buy rating on general motors which currently sits at a price target of 89   wells fargo has decided to maintain their underweight rating on general motors which currently sits at a price target of 32   benchmark downgraded its action to buy with a price target of 60   citigroup has decided to maintain their buy rating on general motors which currently sits at a price target of 95 options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you want to stay updated on the latest options trades for general motors benzinga pro gives you realtime options trades alerts