Susquehanna options strategist Alison Edwards notes a "substantial amount of put buying this morning" in General Electric (NYSE: GE), despite an upgrade to Neutral at JPMorgan and the launch of a new Industrial IoT Software Business, as investors for instance bought 55k Jan 5 Puts, 30k Jan4(w) 5.5 Puts as well as ~15k Dec 7 Puts.

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Long-time GE bear ditches negative view, shares jumpDecember 13, 2018 10:55 AM General Electric (GE) puts active after upgraded to Neutral from Underweight at JPMorganDecember 13, 2018 10:16 AM Wall Street ends flat as nervous investors flock to defensive sharesDecember 13, 2018 8:09 AM GE's digital unit to sell majority stake in ServiceMaxDecember 13, 2018 7:56 AM General Electric (GE) PT Lowered to $12 at UBSDecember 13, 2018 7:13 AM General Electric (GE) Reports Launch of $1.2 Billion Industrial IoT Software CompanyDecember 13, 2018 7:09 AM GE (GE) to Sell Majority Stake in ServiceMax to Silver Lake December 13, 2018 7:01 AM Silver Lake to Acquire Majority Stake in ServiceMax from GE DigitalDecember 13, 2018 7:00 AM JPMorgan Upgrades General Electric (GE) to Neutral Citing Balanced Risk/RewardDecember 13, 2018 4:50 AM Siemens to shut Texas turbines service facility, dismiss workersDecember 11, 2018 5:44 PM Boeing needs a surge to hit year-end delivery goalDecember 11, 2018 11:07 AM U.S. fund Castlelake to buy planes from AirAsia in $800 million deal: sourcesDecember 11, 2018 2:34 AM