GE Options Analysis for August 22nd: Put and Call Contracts of Interest

General Electric Co (GE) investors can consider new options trading on August 22nd. A put contract at the $245.00 strike price has a current bid of $10.80, while a call contract at the $250.00 strike price has a current bid of $11.60. These options offer potential returns of 4.41% and 5.63%, respectively, before broker commissions. The put contract is out-of-the-money by 1%, while the call contract is out-of-the-money by the same amount.