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General Electric (NYSE: GE) closed at $32.51 Wednesday.
The WSJ reported that GE is seeking to sell its appliance division.
Smith Barney says: "Reiterate Hold Rating – GE appears to be on the path to much needed portfolio streamlining, but the processes could be disruptive in the near term."
GE overall option implied volatility of 23 is below its 26-week average of 26 according to Track Data, suggesting decreasing price risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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