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General Cable's () stock decreased a little more than one percent on average volume Monday as the cable supplier announced a $70 million contract with the Northeast Utilities Services Co. and United Illuminating Co. Audio Podcast: An audio podcast of this article is available at: The company's French subsidiary, Silec Cable, was awarded the underground high-voltage project. This project is part of a $1. 3 billion electric transmission upgrade in Middletown-Norwalk, Connecticut. General Cable's portion of the project includes cables, engineering, installation supervision find plan b no rx required, and on-site cable splicing. This award follows a recent successful project in Bethel-Norwalk, Connecticut. The Bethel project was the longest cable installation to date in the United States. The company's technology is a noteworthy improvement over the existing techniques used in the United States as it is more cost effective, easier to install and maintain, and lessens environmental impact. Bernard Ernot, President of Silec Cable said in a press release, "We are proud to have successfully partnered with Northeast Utilities for the Bethel-Norwalk project and to be chosen by both Northeast Utilities and The United Illuminating Company for the larger-scale Middletown-Norwalk project. These projects set the stage for a broader use of synthetic insulated cable systems by United States utility companies for the upgrade and expansion of their high-voltage energy transmission networks to reliably meet the growing demand of their customers. " Competitors: Competitors for BGC include: Alcatel-Lucent (), Pirelli & C. SpA (private), Commscope Inc. (), and Encore Wire Corp. (). Potential Trades: All of the following have 46 days until expiration. General Cable is currently trading at $43. 42. These trades were discovered using the powerful suite of option search tools found at .
|Covered Call â€“ BICCGeneral () $ 43. 42 (46)|
|OPTION||Strike Info||Opt Bid||%Dnsd. Prot.||%If Inch.||%If Asgnd|
|BGCCH||07 MAR 40. 00||$4. 70||10. 80%||3. 30%||3. 30%|
|BGCCI||07 MAR 45. 00||$1. 90||4. 40%||4. 60%||8. 40%|