GE Options Used by Traders Ahead of Earnings (GE)

Posted in Options 
October 15th, 2009

General Electric Co. (NYSE: GE) is starting to see some elevated put and call option trading activity ahead of tomorrow morning’s earnings release.  With shares already up so much off the earlier lows under $10.00 this year, this may not be of any surprise as the bets for and against the stock are put on by traders.  As a reminder, these are the OCT-2009 CALLS and PUTS… They expire tomorrow and any option that is out-of-the-money at expiration has a value of Zero.

CALL$    Volume    OpInt
16.00    11,980    74,452
17.00    43,260    136,128
18.00    3,749    66,183

PUT$    Volume    OpInt
15.00    15,608    79,753
16.00    38,184    68,031
17.00    6,783    39,131

At 2:20 PM EST GE has traded “only” 52 million shares versus an average day’s volume of approximately 100 million shares and shares are trading down almost 1.3% at $16.62.

JON C. OGG

Comments are closed

-->