I am recommending we sell a call on our uncovered General Motors (GM) shares to generate income and reduce our cost basis on the position. We are going with a strike price that is close to the money and will roll it up if the stock keeps running. You can enter today’s trade even if…
Our General Motors (GM) Mar Monthly (3/17) 41 Put is deep in the money, and I know many of you have already been assigned shares. The stock is down around 18% in the past two weeks. In addition to the broader market turmoil, there have been a few news reports that weighed on shares. Earlier…
The rally in General Motors (GM) over the past two days is giving us the opportunity to roll our put out two weeks and to a lower strike price to reduce our risk on the trade and generate more income. You can enter the second leg of today’s trade even if you were not in…
General Motors (GM) has moved up nicely over the past two weeks. I am recommending we roll our put out two weeks and to a higher strike price to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in…
We temporarily exited our General Motors (GM) and Pfizer (PFE) positions ahead of the companies’ earnings announcements to avoid any unnecessary risk. GM shot up after reporting better-than-expected Q4 revenue and earnings and record profits for the full year. Moreover, management issued upbeat guidance for 2023 and announced it is buying a $650 million stake…
We have call positions in core stocks General Motors (GM) and Pfizer (PFE) expiring today. Both companies are scheduled to report earnings on Tuesday. Our GM shares are on track to be called away. Our cost basis is much higher than the current share price, which means we will have a large net debit on…
We were assigned shares of General Motors (GM) last week at $38. Factoring in the large net debit we were carrying on the position, our cost basis is significantly above the current share price. However, as I have been saying, this is a long-term position in a core stock that is grossly undervalued and a…
Our General Motors (GM) Jan Monthly (1/20) 38 Put is in the money. I am recommending we accept shares. The plan is to sell an at-the-money call next week with the goal of being called out of shares. We will then re-enter the position after the company’s earnings report, which is scheduled for Jan. 31.…
General Motors (GM) sold off more than 10% in the final two weeks of 2022. While shares are moving higher in the new year, our put is in the money. I am recommending we roll out two weeks to avoid potential assignment and buy time for the stock to recover. Current Stock Price: $35.46 Net…
I am recommending we roll our General Motors (GM), Marvell Technology (MRVL) and Pfizer (PFE) puts out two weeks to generate more income and reduce our net debits on the positions. While we will be carrying large net debits into the new year on these core positions, I remain bullish on the long-term fundamentals of…
