Susquehanna options strategist Alison Edwards notes bearish options positioning in General Electric (NYSE: GE), as an opening investors bought 60k Dec7(w) $8 strike Puts. Investors likely think there’s increased probability of further downside below $8, or ~14% lower, by early Dec following a one-month 30% decline.

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Active options: AAPL GE AMD BABA BAC FB AMZN MU SBUX NFLX TSLA November 2, 2018 11:54 AM Google's top Washington lobbyist stepping downNovember 2, 2018 11:36 AM Active options: AAPL GE BABA AMD FB MU AMZN BAC November 2, 2018 5:10 AM General Electric (GE) Falls to Low, Down 3.75%November 1, 2018 2:51 PM Indonesian investigators examine black box from crashed jetOctober 31, 2018 10:45 PM Moody's downgrades GE (GE) and GE Capital's ratings, senior unsecured to Baa1 and short-term to P-2; outlook stableOctober 31, 2018 2:49 PM General Electric (GE) PT Lowered to $12 at Credit SuisseOctober 31, 2018 8:19 AM General Electric (GE) PT Lowered to $13 at RBC CapitalOctober 31, 2018 7:45 AM UBS Upgrades General Electric (GE) to BuyOctober 31, 2018 6:07 AM General Electric (GE) PT Lowered to $11 at Deutsche BankOctober 31, 2018 4:53 AM General Electric (GE) PT Lowered to $13 at BarclaysOctober 31, 2018 4:34 AM