A large trade in GE has sparked rumors that the turnaround in the economy will boost GE shares substantially from here.  From the IB options desk:

GE – General Electric – As its shares rally, option traders are increasingly attracted to bullish call options on the industrial conglomerate. In the December contract, a large 50,000 lot position appears to have been established at the 20 strike for a 21 cent premium. With its shares up 2.6% at $15.75 investors are looking at a year-to-date high for the stock. Today’s activity implies a further surge of 27% to the $20 target by year end. The October 17 strike was also notably active where a 32 cent premium today marks the rising cost of securing buying rights at that strike price. Investors traded around 19,000 call options there today. Implied volatility diminished around 4% today to stand at 44%.

Source: IB