Call Volume Surges on General Electric (GE)

Shares of General Electric Company GE are higher on the session by 3.59%, currently trading at $17.74. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages. Shares hit a fresh six-month today as well. On the heels of the company's recent dividend raise, options traders are buying calls in size. Over 314,000 calls have traded on the session versus only 94,000 puts. GE typically trades 60-100k calls per session. Traders are reaching for the $19.00 and $20.00 strikes in multiple months, which would indicate that this stock has a lot of gas left. 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.
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