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Giant Electric puts, wow


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#1 tommyt

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Posted 03 March 2009 - 01:01 PM

A ton of 7,5,and 2 puts trading in there. Action in the stk has been horrible, but a ST low should be here. I sold some Jun 5 puts, the naked kind:

GE

#2 nimblebear

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Posted 03 March 2009 - 01:14 PM

Poor GE - getting putted to death. Darn. Welch - look at your "creation". The mirage you kept going for years has now imploded. Shows you how fake it really was. House of GE capital financial cards. Poof ! JFW. Now we know what the middle initial stands for. ;)
OTIS.

#3 ogm

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Posted 03 March 2009 - 01:31 PM

Yes, those 2.5 puts definitely spell trouble. Looks like its going to join C and BAC. 500 bil in debt is no joke.