GE: A Large Straddle Into March

A trader placed a large straddle on GE on Tuesday at 09:35am PST by buying 10K of 15 March $11 calls and the same number of 10K of 15 March $11 puts. The total committed capital is $780K. Clearly, this trader expects the stock prices to move in a big way during the next 3 weeks.

The GE chart shows that the GE share price bottommed in December and has been rising for the last 2 months.

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