GM

Options Income Trade Alert: GM

General Motors (GM) reported better-than-expected first-quarter results on Tuesday. Revenue was up 11.1% year over year to nearly $36 billion, and adjusted earnings of $2.21 per share easily exceeded the $1.73 Wall Street was expecting. Q1 net income fell 18% from a year ago to $2.3 billion, but management raised its full-year adjusted profit forecast…

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OIB Trade Alert: GM

General Motors (GM) rebounded this week, rising about 8% and pushing our call into the money. Let’s roll it out two weeks to avoid having our shares called away. We’re going strike to strike to pick up more income rather than targeting capital appreciation in case the rally does not hold. Current Stock Price: $36.33…

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OIB Trade Alert: GM

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…

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OIB Trade Alert: GM

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…

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