Trade Of The Week: GE - Tuesday, June 9
Stocks rallied sharply last week on better than expected May job numbers. Some of the most beaten-down stocks from March saw the biggest gains. Companies like airlines, car manufacturers, and banks saw the most bullish action in the options market.
General Electric (GE) is a company that was hit pretty hard in March and April but has rebounded in recent weeks. At least one investor has a long-term bullish view on GE, buying the January 2022 10 calls 1,000 times with stock around $8 per share.
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