Robert Weinstein

Tuesday Options Update: GE, STT, NTRS, BAC & XLF

Wilkinson good article this week. Especially GE.

With Buffet buying in at a much higher price it makes you wonder who 'knows more'??

I have been an active seller of puts for the last few trading sessions and GE appears to be a real value. Its a AAA rated stock with a good dividend and a good PE. When you strip GE of half its PE and count in a dividend cut by 50% it STILL appears to be a great value to me.

My 14 feb puts and now today my 13 puts are in the money and if I get GE stock put to me with a net cost of 13.30 and 12.35 I will still feel very comfortable unless something negative happens with the financial reports. Market panic does not make me worry and in fact it sometimes when done right gives you a chance to buy something on sale.