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This is what is going to happen, as I noted in BlogTalkRadio yesterday afternoon, if "The Bezzle" is not removed from our system NOW. Take a look at that folks.
That's a snapshot of today's volume for June GE $2.50 PUTs. That's over 52,000 contracts traded today, controlling 5.2 million shares. They were purchased for about 30 cents, which means that the price has to be under $2.20 for them to go "in the money".
From Chicago Business: ""There are companies out there faced with paying their pension plan or staying in business," says Mark Ugoretz, president and CEO of the ERISA Industry Committee, a Washington, D.C., lobbying group. ERISA refers to the Employee Retirement Income Security Act of 1974, which sets standards to ensure pension plans are sufficiently funded."