Tuesday, January 20, 2009

Unusual Put Volume: General Electric

The following put contracts traded in heavy volume today:

Feb '09 $7.5 puts
51,866 contracts

Feb '09 $10.0 puts
50,209 contracts

Feb '09 $5.0 puts
24,569 contracts

One possible explanation for this activity is that their earnings report on the 23rd will disappoint and the stock will crater.  Keep an eye on this one.

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