On Friday’s Options Action, the crew analyzed the performance of GE stock. GE was the worst performing stock in the Dow 30 during 2017 and has continued lower into 2018. Having reached the same level on the RSI as its 2009 lows suggest that a bounce higher is possible. Coupled with improving internals and relative performance over the past couple of months, suggests GE’s slide is decelerating. Expecting GE to bounce higher, Michael Khouw suggests buying a June 14/15 Call Vertical for a $0.25 Debit.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: GE Options Action
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