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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