GE Options Traders Bet On Stock Jumping This Much By April Expiration

General Electric Company GE shares traded higher on Thursday after the company updated guidance at its annual investor conference. The company reaffirmed its 2023 expectations for high single-digit adjusted organic revenue growth and adjusted earnings of $1.60 to $2 per share.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said GE traded at 5x average daily options volume on Thursday.

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There were buyers of 3,260 of the April 100-calls at an average price of $1.40 per contract, Khouw mentioned.

The trader expects GE’s stock surging at least 11% by April expiration.

GE Price Action: GE shares gained 5.3% to close at $91.56 on Thursday.

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