February 9th, 2009Long GE For A Trade
Check out the volume of Calls vs Puts on the GE February or March options. Call volume outnumbers put volume by 2:1 in the March “at the money” 12.50′s. I’m bearish on the economy in 2009, but I’m going long GE for a trade this week to balance out more of my downside plays, and to play the potential short term Geithner rally.
Disclosure: Long March 12.50 Calls on GE – FOR A SHORT TERM TRADE.
Disclaimer: Stop buying and selling based on Internet blogs, UNLESS you TAKE RESPONSIBILITY FOR YOUR OWN TRADES!!!