Calls Purchased on General Electric (GE)

Shares of General Electric Co. GE are lower on the session by 0.72%, currently trading $16.54. The stock has been falling as of late, but has rebounded off of the $16 historical support level, which is a bullish technical sign. Call purchases are being detected in the name today as well with the June $19 call purchased on the offer 3,800 times for $0.06. Volume on the line has since grown to nearly 11,000 contracts. Open interest is 83,407 contracts, which may suggest that a short call position was closed out, though one cannot say for certain. General Electric Company is a diversified technology, media and financial services company. The Company's products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products.