What Did You Buy Today?

[hendi_alex]

Last week I so old enough $24 February puts to double my GE position. The puts went for 73 cents and would present an entry price of about $23.30. If not exercised I'll likely go out another two months and sell another 6 contracts. GE's price is probably going nowhere soon since the shares will take a hit due to GE's large (23% of income) exposure to the oil and gas E&P sector. Part of that issue appears to already be priced in however.