Kinahan: General Electric's Big Move May Skew Earnings Trade

General Electric Company (NYSE: GE) big stock price move since its divestiture and buyback announcement of last week could mute any action following its earnings release, JJ Kinahan told Benzinga."That may skew a little of their earnings trade," Kinahan, managing director and chief trading strategist for TD Ameritrade, told Benzinga Thursday.GE shares are up roughly 8 percent since Friday, when it announced a two-year plan to divest its GE Capital unit and also announced a $50 billion buyback. The Fairfield, Connecticut-based company changed hands recently at $27.33, down $0.13.Analysts on average expect the company to post first-quarter earnings of $0.30 a share, on revenue of $34.32 billion.Kinahan noted "quite a few" May $29 calls trading recently.As of Tuesday, the May $29 calls had traded more than 20,000 contracts, according to Barron's.