Options Update: General Electric (GE)

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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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