General Electric (GE, news, chart, volatility) shares are more than 1% higher today, near $16.38 and a block of 12,000 June 30 calls were crossed on the PHLX for 18cents to open a new position. Buyer may be hedging upside risk in the name, or establishing a new long that needs an 80% climb in shares to pay off.
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General Electric Capital Corp (GE) $16.52 +2.04%
Posted on November 28th, 2008 10:00 am
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