Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

GE is worth a trade at 12.43

Bought 1 block of GE at 12.43 and wrote the May strike 12 calls at 1.40/contract for an intrinsic time value of .97/contract times 5,000 shares.  I understand that the shares have risen over 100% since the lows, but I'll take my chances and dollar-cost-average accordingly.