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MORE HEAVY PUT BUYING IN GE

8 April 2009 by Cullen Roche 2 Comments

As we reported back in early March put buying in GE has been abnormally heavy.  We’re seeing the trend pick up steam this week as the put/call ratio in GE rises over 3:1.  Put buyers have purchased almost 75,000 of the April $10′s.  Buying in the options was at a 30:1 ratio today.  Someone is betting on at least a 10%+ drop in GE heading into earnings.

Cullen Roche

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