Trade of the Week: GE

Automobiles, Options, Videos


General Electric (GE) options saw a massive amount of volume last week, with over 1 million contracts trading in one day. The industrial giant was in the news for the divestiture of its jet leasing business for $30 billion. Investors hoped for improved guidance from GE management after this transaction, but did not get it. During the subsequent stock selloff, one trader sold a large block of puts at the 11 strike. This could be one way to get into the stock at a lower price, or it may used to generate a monthly yield.

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