General Electric (NYSE:GE) has followed in the footsteps of the broad market recovery. But the enthusiasm that provided much of the lift over the past six months seems to be waning. While it’s too soon to call the uptrend dead, there’s no denying the trajectory has shifted from up to sideways – at least on the daily chart. Directional traders tiring of the drift should consider tapping into the power of GE stock options.
Source: Sundry Photography / Shutterstock.com
There are multiple strategies you can use that will generate a profit even if prices remain stuck.
Even better, the trade we’ll highlight below provides some protection to offset minor losses that may strike over the coming month. The market’s rug-pull on Tuesday is re-introducing risk into the market. If it’s the first barrage of a more serious salvo, then now is the perfect time to reduce the risk of GE stock positions.
Let’s take a closer look at the price chart.
GE Stock Charts