Unusual Options Activity In GE – Part II

It was just five days ago that I talked about bearish unusual options activity in GE,

Unusual Options Activity In GE

GE has had one hell of a run the last since early December with the stock price increasing almost 100% in a little less than 3 months. Yesterday, I noticed unusual options activity in GE. The Smart Money bought a ton of the April 15 $9.50 and $9.00 put options.

I had no idea why the Smart Money was shorting GE, that is until yesterday. GE presented at the for JPMorgan’s Aviation, Transportation and Industrials Conference in New York Tuesday. 

Source

General Electric (GE)

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