From Alpha Global Investors:
From Options Insider:
GE – General Electric Co.
Shares of jet engine manufacturer, General Electric Company, are trading 2.30% higher today to a new 52-week high of $17.69 after the company’s Chief Financial Officer, Keith Sherin, said the firm expects to raise its dividend in 2011. Bullish options investors celebrated GE’s rally by positioning for continued upward momentum in the price of the underlying shares.
Optimistic individuals purchased more than 11,100 calls at the April $19 strike for an average premium of $0.17 per contract. Call-buyers stand ready to accrue profits should shares of the underlying stock rally another 8.35% over the current price to surpass the effective breakeven point on the calls at $19.17 by April expiration. Total options volume is fast approaching 250,000 contracts as of 12:15 pm on the east coast.