General Electric Company (NYSE: GE) recently down $4.49 to $31.96:
GE reported Q1 earnings per share (EPS) of 44 cents versus consensus estimates of 51 cents. GE lowered 2008 EPS guidance to $2.20-$2.30. GE's Jeffery Immelt completed "Transformational" deals in 2003; paying $10 billion for Amersham and considerations valued at $5.5 billion for Vivendi.
GE call option volume of 410,894 contracts compared to put volume of 371,896 contracts. GE May option implied volatility of 33 was above a level of 27 from April 10 and its 26-week average of 25 according to Track Data, suggesting larger movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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