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Dan Nathan's General Electric Trade

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On CNBC's Options Action, Dan Nathan spoke about constituents of the Dow Jones Index that haven't performed well. He thinks a good performance by General Electric Company (NYSE: GE) into the year-end could help the Dow jump above 18,000.

Nathan wants to make a bullish bet in the name and wants to use options to do so.

GE options, he said, are cheap, and the best strategy could be to buy the February 26 calls for $0.65. He added that the premium is only 2.5 percent of the underlying and the break-even for the trade is at $26.65.

 

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Posted-In: CNBC Dan Nathan Options ActionLong Ideas Media Trading Ideas