GE in $108 / $123 rangebound pattern
Among the Rapid Fire symbols, one in particular, GE, seems to be showing a clear range between $108 and $123, now heading down. The $120 / $108 vertical Put spread suggested by OptionsPlay looks to take us back to about $108 by October, when a vertical Call spread might coincide with an uptick in price owing to supply catching up to demand for computer chips. Let's see if this merits a mention in our Tuesday session.
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Bob Delaney
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