As we reported back in early March put buying in GE has been abnormally heavy. We’re seeing the trend pick up steam this week as the put/call ratio in GE rises over 3:1. Put buyers have purchased almost 75,000 of the April $10’s. Buying in the options was at a 30:1 ratio today. Someone is betting on at least a 10%+ drop in GE heading into earnings.
Practical Views on Money
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