A quick post on option flow in GE to add to my colleagues chart post yesterday (9-24). Despite an updated bearish commentary by long time critic, JP Morgan, lowering their price target to $10, call option buyers have been dominating the flow of late. Last week (with the stock in the zone of $12.50) saw continuous buyers of the Nov expiration 14 calls in the $.18-19 price range. Yesterday (with the stock having dropped to $11.65) buyers were evident in the March expiration 14 calls around the $.26 level with over 45,000 contracts trading. Whether this optimism is misplaced can be vigorously debated, and some of the activity may simply be a hedge against short stock positions, but from a contrarian standpoint this activity is quite notable.