Trade of the Week: GE

06/16/2020 6:00 am EST

Focus: STOCKS

Jay Soloff

Options Portfolio Manager, Options Floor Trader PRO

Stocks rallied sharply the week before last on better than expected May job numbers. Some of the most beaten down stocks from March saw the biggest gains. Companies like airlines, car manufacturers, and banks saw the most bullish action in the options market. General Electric (GE) is a company that was hit pretty hard in March and April but has rebounded in recent weeks. At least one investor has a long-term bullish view on GE, buying the January 2022 10 calls 1,000 times with stock around $8 per share.

Jay Soloff is the Options Portfolio Manager at Investors Alley. He is the editor for Options Floor Trader, an investment advisory bringing you professional options trading strategies, with all the bells and whistles of Wall Street, but simplified so all you have to do is enter the trades with your broker. Want to Learn Butterflies and Condors? Join Me for a Live Training Session on Monday. Click here for more.

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