Followers | 683 |
Posts | 142221 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Wednesday, August 16, 2023 2:39:24 PM
By: Schaeffer's Investment Research | August 16, 2023
• GE's post-earnings pullback found familiar support on the charts
• GE options are affordably priced at the moment
The shares of General Electric Co (NYSE:GE) suffered a post-earnings pullback to their 30-day moving average last week, the same area that offered strong entry points throughout 2023. Despite this pullback the stock is still trading above its pre-earnings close. What’s more, implied volatility (IV) is back in line with GE’s historical volatility (HV). In June and July, IV was above HV, making now a more attractive time for options buyers to play the trend relative to the last few months.
Leading up to the late-July earnings report, options buyers were more pessimistic than they had been in the past three months. At-the-money IV is now lower than 98% of readings from the past year, according to TradeAlert. Plus, the positive earnings move pushed General Electric stock above its 10-year moving average at $110 -- a mark where the shares paused for more than three weeks before earnings.
From October 2022 through May 2023, the equity regularly appeared on a major brokerage’s “net sold during the month” monthly report. Even still, amid its 75% year-to-date lead and 86% year-over-year return, only 13 of 21 analysts rate GE a “buy” or better, and the only brokerage action since late April was a downgrade. This leaves plenty of room for pessimism to unwind and add tailwinds.
Our recommended December call has a leverage ratio of 7.1 and will double on a 14.9% pop in the underlying stock.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent GE News
- GE Aerospace Board of Directors Authorizes Regular Quarterly Dividend • Business Wire • 06/21/2024 11:27:00 AM
- Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News • IH Market News • 06/20/2024 10:55:11 AM
- GE Aerospace kündigt freiwilliges Delisting der GE-Stammaktien von der Euronext Paris, der London Stock Exchange und der SIX Swiss Exchange an • Business Wire • 06/19/2024 04:13:00 PM
- GE Aerospace annuncia il delisting volontario delle proprie azioni ordinarie da Euronext Paris, dalla borsa di Londra e dal SIX Swiss Exchange • Business Wire • 06/19/2024 04:13:00 PM
- GE Aerospace Announces Voluntary Delisting of GE Common Stock from Euronext Paris, the London Stock Exchange and the SIX Swiss Exchange • Business Wire • 06/19/2024 06:00:00 AM
- GE Aerospace annonce la radiation volontaire de ses actions d’Euronext Paris, du London Stock Exchange et du SIX Swiss Exchange • Business Wire • 06/19/2024 06:00:00 AM
- Fisker Files for Bankruptcy, Chegg Stocks Rise on 23% Workforce Reduction, and More • IH Market News • 06/18/2024 11:02:13 AM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/11/2024 06:53:57 PM
- Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace • PR Newswire (US) • 06/06/2024 12:30:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 10:31:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:08:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 08:21:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/23/2024 07:36:36 PM
- Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News • IH Market News • 05/22/2024 10:37:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 09:18:55 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 05/14/2024 02:06:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 10:15:41 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:34:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:32:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:31:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:29:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:27:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:25:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:24:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:22:48 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM