... Now, with fourth-quarter earnings scheduled to be released early Friday, investors are stacking up bets in the options market that GE will move to new high prices.The stock closed at $19.74, the calls expired and today the stock is up 34 cents to $20.08.
Speculators have amassed significant positions in GE's January $20 calls, which would increase in value if the $18.33 stock pushes past $20. At this moment, the bulls need a massive earnings day move for the stock to jump 9% so the calls do not expire worthless....
Here's Friday's Barron's Take
GE's Electric Quarter a Sign of Things to Come
...The future looks increasingly bright for GE, and investors who buy in now will be able to capitalize on the surge.