Call Options on GE on 11/13/2023

General Electric Company (GE) operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. 

It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

The company also provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings.

In addition, it designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services.

Further, the company engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. 

Shares have formed a "double bottom" formation and higher share prices are expected. 

We will be rading December 15th Call Options

Entry Point: $115.27

Trading Range: $59.8482 to $117.96

Trade Buy 1 December $115.00 Call at $3.50 For a net debit of $3.50 Profit/Loss Analysis Breakeven at $118.50 Maximum profit is unbounded Maximum loss is ($350.00) at strike of $115.00 Closing Summary Sold 1 December $115.00 Call at $6.60

Position closed on 11/30/2023 at price of $6.60 with a 88.57% gain in 17 days.

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