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GE

General Electric

$7.90

-1.13 (-12.51%)

14:30
08/15/19
08/15
14:30
08/15/19
14:30

Selloff in GE draws massive ratio put spread as implied volatility explodes

Selloff in GE draws massive ratio put spread as implied volatility explodes. Shares down nearly $1.27, or 14%, this afternoon following allegations of fraud, with option volume on track for nearly 2M contracts as calls lead puts 3:1 and implied vols jump nearly 40 points in the near terms, to YTD highs of 70%. Trade of the day is an opening spread, with a trader selling 115K Oct 8 puts for 66c to buyer 68K Oct 7 puts for 40c. Both legs open and the net credit of $4.87M suggests an institutional view that shares may be oversold and due for a rebound into the fall. Notable trade last week is looking pretty good today- the trader who sold 41K Sep 9 puts for 30c to buy 67K Oct 8 puts for 13c, as the Oct 8s are up 500% ($3.5M) since then.

  • 09

    Sep

  • 30

    Oct

GE General Electric
$7.90

-1.13 (-12.51%)

07/23/19
GDHS
07/23/19
NO CHANGE
Target $7
GDHS
Underperform
GE set Q2 cash guidance bar 'excessively' low, says Gordon Haskett
Gordon Haskett analyst John Inch said he expects General Electric to significantly beat its Industrial free cash flow guidance of ($1B-$2B) when the company reports second quarter results next week, but that reflects the degree to which GE "set the cash expectations bar at an (excessively) low level," according to Inch. Looking ahead, tougher comparisons and a waning global economic outlook could make for a tougher road in terms of cash flow, said Inch, who keeps an Underperform rating and $7 price target on GE shares.
07/31/19
JPMS
07/31/19
NO CHANGE
JPMS
Underweight
JPMorgan's Tusa says GE guidance drivers 'low quality,' would sell into strength
JPMorgan analyst Stephen Tusa says General Electric reported an operation miss in Q2 driven by a material miss at its Aviation unit and it also reported free cash flow that missed his estimate. While the company raised its headline guidance, the drivers of the raise "seem low quality" as the company's segments "are trending at best in line," Tusa tells investors. He would sell any strength today in the shares following the report and keeps an Underweight rating on shares of General Electric. The stock is up about 4% in pre-market trading, but Tusa contends that "like in the past, the underlying core fundamentals are actually a bit worse."
08/01/19
WBLR
08/01/19
NO CHANGE
WBLR
Outperform
GE operational and financial turnaround building momentum, says William Blair
General Electric's Q2 report yesterday "included further tangible evidence" that its operational and financial turnaround is beginning to build momentum, William Blair analyst Nicholas Heymann tells investors in a research note. GE's year-to-date free cash flow use was $2.2B, down $0.8B from the first half of 2018, while its Industrial organic sales grew sequentially to 7% from 5%, Heymann points out. The analyst reaffirms an Outperform rating on the shares. GE's fundamental prospects and underlying value "continue to remain extremely divergent within the investment community," says Heymann. However, he sees "growing irrefutable evidence that the worst is not only past but also that GE's fundamental forward visibility is gradually beginning to improve as its financial stability returns." The analyst pegs GE's underlying intrinsic value, with no value assigned to Power, between $14 and $16 per share. This range now seems to be a "highly feasible base-case valuation" for the stock over the next 6-12 months, according to Heymann. Shares of General Electric closed yesterday up 2c to $10.45.
08/12/19
JPMS
08/12/19
NO CHANGE
Target $5
JPMS
Underweight
General Electric fundamentals 'continue to look negative,' says JPMorgan's Tusa
JPMorgan analyst Stephen Tusa came away from General Electric's Q2 results with no change to his "well below consensus view." GE Power needs a positive core profit contribution on $1B in negative mix revenue headwind "to just get back to breakeven," Tusa tells investors in a research note. Further, Aviation needs 35% growth in its Military business to hit guidance, adds the analyst. Despite the Street's enthusiasm around a beat to low guidance, GE's fundamentals "continue to look negative," argues Tusa. He keeps an Underweight rating on shares of General Electric with a $5 price target. The stock closed Friday down 34c to $9.15.

TODAY'S FREE FLY STORIES

HAIN

Hain Celestial

$19.25

-2.63 (-12.02%)

, MKC

McCormick

$161.08

-7.445 (-4.42%)

12:32
08/20/19
08/20
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On The Fly
Beyond Meat rises after JPMorgan says buy as stock 'appealing once again' »

Shares of Beyond Meat…

HAIN

Hain Celestial

$19.25

-2.63 (-12.02%)

MKC

McCormick

$161.08

-7.445 (-4.42%)

CPB

Campbell Soup

$42.95

-0.22 (-0.51%)

BYND

Beyond Meat

$154.10

9.66 (6.69%)

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NTDOY

Nintendo

$0.00

(0.00%)

, SNE

Sony

$55.85

0.14 (0.25%)

12:30
08/20/19
08/20
12:30
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12:30
On The Fly
Game On: Sony acquires 'Spider-Man' developer Insomniac »

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Nintendo

$0.00

(0.00%)

SNE

Sony

$55.85

0.14 (0.25%)

MSFT

Microsoft

$138.41

-0.02 (-0.01%)

FB

Facebook

$184.56

-1.66 (-0.89%)

EA

Electronic Arts

$92.54

1.64 (1.80%)

TTWO

Take-Two

$131.17

1.3 (1.00%)

ATVI

Activision Blizzard

$48.44

0.53 (1.11%)

GOOG

Alphabet

$1,192.07

-5.94 (-0.50%)

GOOGL

Alphabet Class A

$1,194.00

-5.94 (-0.50%)

UBSFY

Ubisoft

$0.00

(0.00%)

SLGG

Super League Gaming

$6.65

-0.09 (-1.34%)

TCEHY

Tencent

$0.00

(0.00%)

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12:30
08/20/19
08/20
12:30
08/20/19
12:30
General news
FX Action: USD-CAD »

FX Action: USD-CAD…

HD

Home Depot

$217.43

9.455 (4.55%)

12:29
08/20/19
08/20
12:29
08/20/19
12:29
Recommendations
Home Depot analyst commentary  »

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  • 20

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ABCB

Ameris Bancorp

$36.48

-0.34 (-0.92%)

12:27
08/20/19
08/20
12:27
08/20/19
12:27
Conference/Events
Ameris Bancorp management to meet with Sandler O'Neill »

Meetings to be held in…

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SABR

Sabre

$23.68

-0.25 (-1.04%)

12:25
08/20/19
08/20
12:25
08/20/19
12:25
Periodicals
DOJ to file suit to block Sabre acquisition of Farelogix, CNBC reports »

The Fly notes that…

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12:25
08/20/19
08/20
12:25
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12:25
General news
FX Action: USD-CAD »

FX Action: USD-CAD…

LPLA

LPL Financial

$73.06

-0.35 (-0.48%)

12:17
08/20/19
08/20
12:17
08/20/19
12:17
Conference/Events
LPL Financial management to meet with William Blair »

Meeting to be held in San…

03/08/13
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  • 27

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
08/20/19
08/20
12:17
08/20/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
08/20/19
08/20
12:16
08/20/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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AAPL

Apple

$212.30

1.98 (0.94%)

, NFLX

Netflix

$300.38

-9.02 (-2.92%)

12:13
08/20/19
08/20
12:13
08/20/19
12:13
Periodicals
Apple looks to launch Apple TV+ in November, weighs $9.99 price, Bloomberg says »

Mark Gurman , Anousha…

AAPL

Apple

$212.30

1.98 (0.94%)

NFLX

Netflix

$300.38

-9.02 (-2.92%)

AMZN

Amazon.com

$1,813.54

-2.75 (-0.15%)

DIS

Disney

$135.22

-0.11 (-0.08%)

T

AT&T

$35.18

-0.225 (-0.64%)

CMCSA

Comcast

$44.37

0.38 (0.86%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

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    Oct

EPD

Enterprise Products

$29.29

0.35 (1.21%)

12:06
08/20/19
08/20
12:06
08/20/19
12:06
Conference/Events
Enterprise Products management to meet with Wolfe Research »

Meeting to be held in…

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  • 26

    Aug

CNI

Canadian National

$92.40

-0.76 (-0.82%)

12:05
08/20/19
08/20
12:05
08/20/19
12:05
Conference/Events
Canadian National management to meet with Wolfe Research »

Meeting to be held in…

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  • 21

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URBN

Urban Outfitters

$21.10

0.24 (1.15%)

12:05
08/20/19
08/20
12:05
08/20/19
12:05
Options
Urban Outfitters call volume above normal and directionally bullish »

Bullish option flow…

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BHGE

Baker Hughes

$21.00

-0.43 (-2.01%)

12:04
08/20/19
08/20
12:04
08/20/19
12:04
Hot Stocks
Baker Hughes awarded contract, granted notice to proceed by Venture Global LNG »

Baker Hughes (BHGE)…

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  • 27

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VRTX

Vertex

$186.23

-0.84 (-0.45%)

12:02
08/20/19
08/20
12:02
08/20/19
12:02
Recommendations
Vertex analyst commentary  »

Piper Jaffray…

03/08/13
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  • 09

    Sep

MSG

Madison Square Garden

$266.70

-26.315 (-8.98%)

12:00
08/20/19
08/20
12:00
08/20/19
12:00
Hot Stocks
Madison Square Garden falls -9.0% »

Madison Square Garden is…

03/08/13
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  • 20

    Aug

SE

Sea Limited

$32.53

-3.58 (-9.91%)

12:00
08/20/19
08/20
12:00
08/20/19
12:00
Hot Stocks
Sea Limited falls -9.9% »

Sea Limited is down…

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  • 20

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FN

Fabrinet

$47.48

-8.92 (-15.82%)

12:00
08/20/19
08/20
12:00
08/20/19
12:00
Hot Stocks
Fabrinet falls -15.7% »

Fabrinet is down -15.7%,…

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  • 21

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TCI

Transcontinental Realty Inc

$25.32

1.36 (5.68%)

12:00
08/20/19
08/20
12:00
08/20/19
12:00
Hot Stocks
Transcontinental Realty Inc rises 10.7% »

Transcontinental Realty…

03/08/13
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AVYA

Avaya

$13.83

1.44 (11.62%)

12:00
08/20/19
08/20
12:00
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12:00
Hot Stocks
Avaya rises 11.4% »

Avaya is up 11.4%, or…

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  • 05

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CMCM

Cheetah Mobile

$4.41

1.11 (33.64%)

12:00
08/20/19
08/20
12:00
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12:00
Hot Stocks
Cheetah Mobile rises 33.6% »

Cheetah Mobile is up…

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  • 20

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HD

Home Depot

$217.05

9.07 (4.36%)

, KSS

Kohl's

$45.71

-2.49 (-5.17%)

11:56
08/20/19
08/20
11:56
08/20/19
11:56
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have had a quiet…

HD

Home Depot

$217.05

9.07 (4.36%)

KSS

Kohl's

$45.71

-2.49 (-5.17%)

TJX

TJX

$50.73

-0.82 (-1.59%)

ELAN

Elanco

$27.25

-2.57 (-8.62%)

BAYRY

Bayer

$0.00

(0.00%)

ENDP

Endo

$3.20

0.65 (25.49%)

CRCM

Care.com

$10.06

-0.01 (-0.10%)

SRPT

Sarepta

$101.88

-18.28 (-15.21%)

FN

Fabrinet

$47.33

-9.075 (-16.09%)

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FB

Facebook

$184.68

-1.54 (-0.83%)

, AOBC

American Outdoor Brands

$7.61

-0.18 (-2.31%)

11:56
08/20/19
08/20
11:56
08/20/19
11:56
Periodicals
Facebook Marketplace has become a place to buy guns, WSJ says »

Parmy Olson and Zusha…

FB

Facebook

$184.68

-1.54 (-0.83%)

AOBC

American Outdoor Brands

$7.61

-0.18 (-2.31%)

RGR

Sturm, Ruger

$40.88

-0.98 (-2.34%)

VSTO

Vista Outdoor

$4.73

0.01 (0.21%)

03/08/13
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03/08/13
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03/06/13
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    Oct

WMT

Walmart

$113.57

-0.19 (-0.17%)

11:55
08/20/19
08/20
11:55
08/20/19
11:55
Options
Wal-Mart put volume heavy and directionally bearish »

Bearish flow noted in…

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