GEV — Aug 1090/1200 call spread
GE Vernova prints July 22 with gas turbine orders and lead-time guidance as the watch items, and power equipment is the corner of the buildout the Meta compute-glut headline did not reach. Hyperscaler 2026 capex guides remain intact, with Amazon alone at $200B per its 8-K, and every incremental gigawatt routes through turbine and switchgear backlogs. The chain prices a 16.9% move by August 21; the Aug 1090/1200 call spread costs 43.50 against a 110-point width, defined risk into the print.
- Ticker: GEV
- Direction: Bullish
- Risk profile: earnings
- Confidence: medium
- Catalyst: Q2 2026 earnings (2026-07-22)
- Cohort: 2026-07-12
- Expires: 2026-07-19
- Max loss: $43.50
- Max gain: $66.50
Structure
- long call 1090 2026-08-21
- short call 1200 2026-08-21
Signals
- Earnings catalyst: Jul 22 BMO; watch: gas turbine orders, lead-time guidance (hot) (DB)
- AMZN FY26 capex guide: $200B (8-K via EDGAR) (DB)
- 2027 DC capex projection: +40-50% YoY to ~$1.5T (BofA) (web_search)
What invalidates this thesis
A turbine order-rate deceleration or normalized lead-time guidance on the call takes out the thesis, and a second hyperscaler glut headline would drag power equipment with it.