General Electric (GE) Offering Possible 7.99% Return Over the Next 3 Calendar Days

General Electric's most recent trend suggests a bullish bias. One trading opportunity on General Electric is a Bull Put Spread using a strike $103.00 short put and a strike $98.00 long put offers a potential 7.99% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $103.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $98.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for General Electric is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for General Electric is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for General Electric

Boeing Stock Can Gain 35%. How It Can Win the Future by Fixing Its Problems Now.
Sun, 15 Aug 2021 22:17:00 +0000
Shares in the world’s largest aerospace company could rally more than 35% if CEO Dave Calhoun takes bold steps to restore the company’s engineering supremacy.

Is Impatience Silently Killing Your Portfolio?
Sat, 14 Aug 2021 15:57:00 +0000
Patience is not only a virtue, as the old saying goes — it can also have positive real-world implications for your investing prowess. After all, legendary investor Warren Buffett has stated that his “favorite holding period is forever.

Former GE CEO Jeff Immelt Bought Up Shares of This Healthcare Firm
Fri, 13 Aug 2021 21:40:00 +0000
Jeff Immelt, former chairman and CEO of GE, bought $1 million of shares of Bright Health, a provider of healthcare services that he serves as a director.

Bridgewater adds new stakes in chip makers and boosts GE bet, while selling off Boeing, Delta, UPS holdings
Fri, 13 Aug 2021 18:21:35 +0000
Bridgewater Associates LP has disclosed that the value of its equity holdings as of the end of the second quarter increased by 37.5% from the end of the first quarter, while the S&P 500 increased just 8.2% over the same time. The hedge fund manager's largest company holding in terms of value as of June 30 was Walmart Inc. , with the fund increasing its ownership by 51% in three months to $736.5 million, while its holding of rival discount retailer Target Inc. grew 91% to $216.3 million. Among ot

General Electric Is Slowly Recovering but It’s Still Risky to Buy
Fri, 13 Aug 2021 16:09:54 +0000
Can a sleeping industrial giant wake up and make some positive noise about its core operations? It’s possible. General Electric (NYSE:GE) is in transition mode, leaving behind its lackluster performance to become a stronger and healthier company. As it gains momentum, what should investors know about GE stock? Source: Sundry Photography / Shutterstock.com The stock has nearly doubled in the past year as GE made several moves to strengthen and focus the company. It completed a reverse stock split

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