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