Market is up. GE is down 7.25 What a POS company. This is trading worse than any bank stock. Even BSC and Lehman were not this bad.
ge looking real ugly...i bot it @ 7.90 yesterday...got out at 7.80 pre market today...i figured it should have been up a little more this morning after the drubbing its taken in the last week...now look at it-7.20! Order ID Buy/Sell Qty Symbol Price O.Type Expire Status Fill Sp Executed Entered 4794239636 Sell 300 GE 7.80 Limit Ext AM (2009-03-04) Filled 300@7.80 08:38:20 2009-03-03 08:37:56
I think it will bottom at 6 I got in @ 7 for 1000, Sold 10 contracts for sept 09 - 10.00 strike @ 1.10 Will see what happens..... Will buy more as it drops...
Why did you write contracts so far out and at 10 which is pretty bullish (too bullish). Why not 7.50 calls for March? Would have had 18 days of time value and collected about 570 dollars in premium.