General Electric Company GE shares traded higher on Thursday after the company updated guidance at its annual investor conference. The company reaffirmed its 2023 expectations for high single-digit adjusted organic revenue growth and adjusted earnings of $1.60 to $2 per share.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said GE traded at 5x average daily options volume on Thursday.

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There were buyers of 3,260 of the April 100-calls at an average price of $1.40 per contract, Khouw mentioned.

The trader expects GE’s stock surging at least 11% by April expiration.

GE Price Action: GE shares gained 5.3% to close at $91.56 on Thursday.

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