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GE is relatively undervalued compared to OEX, which is relatively undervalued compared to SPY and IWM. GE is so relatively undervalued, that it would need to rise about two points to just be as relatively undervalued as OEX is to SPY and IWM.

The same period weekly charts with indicators show GE, currently at 32.85, is more oversold than OEX. Major support are the Aug and Sep lows, and lower line of weekly Bollinger Band, all around 32 1/2. Major resistance are the major MAs, i.e. 10, 20, and 40 week MAs, all around 34 1/2.

GE calls are relatively cheap compared to OEX calls. The Jun 30 calls are 3.50, Jun 32.5 calls are 1.65, and Jun 35 calls are 0.55. Also, the Mar 30 calls are 3, and the Mar 32.5 calls are 0.90.