I got in a block with a bid at 11 for GE

Quote from wartrace:
If you want to own it at 11 why not sell a July 11 call and pocket the .43/share premium?
Quote from Don Bright:
(Just trying to help here).
If you sell a call, you will be shorting the stock to someone else who bought the call (provided the stock closes at $11 or higher).
I trade GE daily, bought as low as 10.59 today. It's back to acting "nomrally" - a good trading stock for sure.
Don
Quote from wartrace:
True, you have to buy the stock if assigned at 11.00 a share minus the premium or 10.57 a share. If you thought the stock was a good buy at 11 it would be a better buy at 10.57. Obviously this wouldn't be a good plan for day trading but if you wanted to own the stock it would be a great way to get in or collect a small premium. Selling a naked put would be the other option play to get in cheaper than an outright buy.