wwwPosted Mar 12th 2009 9:45AM by Paul Foster
Filed under: General Electric (GE), Options
General Electric (NYSE: GE) traded at $9 in pre-open trading, above its close Wednesday of $8.49. S&P cut GE's long term credit rating to AA+. GE is hosting a Capital Investor meeting on March 19. GE March 9 straddle is priced at $1.26, April 9 straddle is at $2.33. April option implied volatility of 106 is above its 26-week average of 64, according to Track Data.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
3-12-2009 @ 10:54AM
S. Walters said...
To anyone surprised that GE stock rose today upon news of the credit dowgrade by Standard & Poor, it is well to remember that Standard & Poor is the same outfit which, after carefully examining the securitized mortgages being peddled on Wall Street, gave high marks to the masters of the universe in the banking community.
Bill O'Reilly will have to intensify his efforts to libel GE.