General Electric (GE) Offering Possible 22.55% Return Over the Next 9 Calendar Days

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General Electric’s most recent trend suggests a bullish bias. One trading opportunity on General Electric is a Bull Put Spread using a strike $98.00 short put and a strike $93.00 long put offers a potential 22.55% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $98.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock dropped below the $93.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for General Electric is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for General Electric is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


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