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
facebook X logo linkedin

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. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI