NY Expo Case Study. GE is down 2.2 percent to $15.43, as a broad sell-off sent GE and all 29 other Dow stocks lower at the opening bell Friday. Weak Euro-zone economic growth numbers, a tumbling euro, falling commodities prices, and a second move by the People’s Bank of China to raise reserve requirements seem to be weighing on morning action. In GE options, one noteworthy early trade is a June 11 – 15 put spread, apparently bought at 89 cents, 5000X on PHLX.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.