Bearish Options Positioning in General Electric (GE) Targets Additional 14% Downside in Shares Following 30% Decline Over Last Month -Susquehanna
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Price: $356.03 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: +16.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: +16.0%
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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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