What a turnaround off the morning lows..... I didn't feel compelled to buy the common so instead I sold the GE June '18 (22 strike) calls for 1.35. I felt this was low risk given the amount of time for this to play out and for for the puts to expire worthless. If the unexpected happens and the stock is put to me, my basis will be 20.65.
I've also done this strategy today with Kimberly Clark (KHB) and Wallgreens (WBA)