General Electric Stock Shifts Higher on Annual Report

General Electric stock fell to its 80-day trendline in yesterday's selloff

Managing Editor
Feb 25, 2020 at 10:18 AM
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Boston-based General Electric Company (NYSE:GE) is enjoying a 1% lift this morning, last seen just shy of $12 after sharing its annual report. The report stated the conglomerate employed a more consolidated 205,000 people, 70,000 of which were U.S.-based in 2019. This compares to 2018's count of 283,000. Yesterday GE was one of the many in the broad-market selloff, plunging 3.2%, or all the way to its 80-day moving average in its session lows. Today's positive shift has the security up 14% year-over-year. 

In the options pits, calls have been preferred over puts. This is per the stock's 10-day call/put volume ratio of 4.93 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ranks in the 96th annual percentile, meaning nearly five calls have been purchased for every put during the past two weeks of trading.

Echoing this sentiment is General Electric stock's Schaeffer's open interest ratio (SOIR) of 0.87, which ranks in the 2nd percentile of its annual range. In other words, short-term options players have rarely been more call-heavy during the last 12 months. 

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