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Income Masters Trade Alert: GM

I am recommending we roll our General Motors (GM) put out one week and to a lower strike.

Current Stock Price: $57.54

Cash in Hand: $1.49

Action:

  • Buy to close the GM Apr Week One (4/1) 57.50 Put for around $0.61
  • Sell to open the GM Apr Week Two (4/9) 57 Put for around $1.17
  • Set initial credit limit at $0.56

New Cash in Hand: $2.05

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