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PIPC Trade Alert: GM

I am recommending we sell an in-the-money call against our uncovered General Motors (GM) shares. If we are called out, this will be the last trade for this service.

Current Stock Price: $53.54

Action: Sell to open the GM Aug Week Two (8/13) 53 Call

Current Option Price: $0.81-$0.87

Recommended Limit: Set your initial limit order at $0.84, but adjust as needed to sell a call today

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