Options Update: General Electric (GE)
GE May volatility at 27; GE lowers 2008 forecast
GE is recently trading at $33.49 in pre-open trading, below its closeof $36.75.
GE reported Q1 EPS of $.44 verses consensus estimates of $.51.GE lowered 2008 EPS guidance to $2.20-$2.30.
GE April 37 straddle ispriced at $1.53, May 37 straddle is at $2.51.
GE May option impliedvolatility of 27 is above its 26-week average of 25 according to TrackData, suggesting slightly larger movement."
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