UNUSUAL BULLISH OPTION ACTIVITY IN GENERAL ELECTRIC $GE
This post was just published on ZYX Buy Change Alert. After days of negative sentiment, today there is unusual bullish option activity in GE. August 28 calls were swept from the exchange this morning with a volume of 5K for $0.20 each. Subsequently 10K more calls were swept at $0.23. GE will report earnings on July 21st. Considering the sentiment around the stock, earnings pose a high risk both to the upside and the downside. The stock can easily go up 15 – 20% or go down 10- 15% after earnings. The present position is 25% of the full core position size.