GE Aerospace (NYSE:GE) stock is 1.8% higher to trade at a fresh record high of $316.53 at last glance, after the company beat earnings and revenue estimates for the third quarter. The aircraft engine maker also raised its 2025 profit forecast and issued an upbeat fourth-quarter outlook.
On its way to a third consecutive gain, GE is breaking above a recent ceiling at $305, which had been capping price action since its previous all-time peak. The 30-day moving average has been guiding the shares higher since late April, contributing to its 85.6% year-to-date lead.
An unwinding of pessimism in the options pits could boost GE. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day put/call volume ratio of 1.16 ranks higher than 83% of annual readings.
Drilling down to today's options activity, 23,000 calls and 23,000 puts have been traded -- 13 times the volume typically seen at this point. The most popular contract is the November 300 put, with the 270 put in the same series trailing closely behind.
These options are reasonably priced. The equity's Schaeffer's Volatility Index (SVI) of 36% sits in the low 25th percentile of its annual range, meaning options traders are pricing in low volatility expectations.
