Put Options on GE on 5/24/2016

General Electric Company (GE) operates as an infrastructure and financial services company worldwide.

The company’s Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services.

Its Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; and solutions, products, and services to hydropower industry.

The company’s Oil and Gas segment provides turbomachinery solutions; surface and subsea drilling and production systems, and equipment for floating production platforms; measurement and control products; and compressors, pumps, valves, and natural gas solutions. Its Energy Management segment offers industrial and grid solutions; and power conversion systems.

The company’s Aviation segment designs and produces commercial and military aircraft engines, integrated digital components, electric power, and mechanical aircraft systems; and provides aftermarket services.

Its Healthcare segment offers diagnostic imaging and clinical systems; products and services for drug discovery, biopharmaceutical manufacturing, and cellular technologies; and healthcare information technology products.

The company’s Transportation segment provides freight and passenger locomotives, parts, wreck repair, software-enabled solutions, mining equipment and services, marine diesel engines, stationary power diesel engines and motors, and overhaul, repair, and upgrade services.

Its Appliances & Lighting segment sells and services home appliances; and manufactures, sources, and sells lighting solutions. 

Shares are heading lower in a downward "trading channel" as shown in red on the stock's 6-month chart. Lower share prices are expected.

Trading June 17th Put Options

52-Weeks Trading Range: $19.37 - $32.05

Last Trade: $29.85

Trade Buy 1 June $30.00 Put at $0.62 For a net debit of $0.62 Profit/Loss Analysis Breakeven at $29.38 Maximum profit is unbounded Maximum loss is ($62.00) at strike of $30.00 Closing Summary Sold 1 June $30.00 Put at $0.00

Position closed on 6/20/2016 at price of $0.00 with a -100.00% loss in 26 days.

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