General Electric (GE) volatility low into combining its oil-and-gas business with Baker Hughes (BHI)
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General Electric (NYSE: GE) has reached a deal to combine its oil-and-gas business with Baker Hughes (BHI), creating an energy powerhouse. GE will contribute its oil-and-gas business and some cash to the new entity, which would have publicly traded shares and be controlled by GE. The combination creates a company with more than $32 billion in revenue.GE November weekly call option implied volatility is at 16, November and December is at 17; compared to its 52-week range of 13 to 33.
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