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Schaeffer's Sentiment Snapshot: General Electric Company (GE)

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^{Published in Business and Finance on Friday, February 6th 2009 at 9:49 GMT, Last Modified on 2009-02-06 09:50:19 by Market Wire}  

CINCINNATI--([ BUSINESS WIRE ])--Regardless of today's joyless jobless report and a bearish brokerage note at JPMorgan, the shares of General Electric (NYSE: GE) have trended higher in early trading. What's more, optimistic options players are coming out of the woodwork, scooping up calls faster than Dwight Schrute can quote Battlestar Galactica.

In late morning trading, GE's February 12 call has already seen roughly 36,500 contracts change hands on open interest of only 26,055. In addition, the blue chip's February 13 call has seen more than 13,300 contracts change hands, its March 12.50 call has already traded more than 5,600 contracts, and its February 11 call has seen volume of nearly 4,500 contracts.

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