On Friday’s CNBC’s Options Action, the crew analyzed the performance of General Electric (GE). GE has underperformed significantly over the past 2 years as revenue and profits have declined. GE has a scheduled investor day on Monday which should shed some light as to the future of the company. The market is expecting cost cutting measures, divestitures and a possible dividend cut. Making a bullish contrarian bet, Dan Nathan suggests buying a Jan 20/24 Call Vertical for a $1.10 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