General Motors (GM) has run up sharply over the past two weeks and our GM 16 Jun 33.50 Call is deep in the money, which doesn’t give us a lot of options for rolling. Let’s allow our shares to be called away. We will look to sell a put to reduce our net debit once…
Let’s roll our General Motors (GM) call out two weeks and up one strike for a credit to capture more potential appreciation and continue to chip away at our cost basis. Note that this trade is only for members already in the position. Current Stock Price: $33.15 Cost Basis: $46.30 Action: Buy to close the…
General Motors (GM) is up around 2.7% today, giving us the opportunity to roll our call. Let’s go out another two weeks and lower our strike to generate more income and reduce our cost basis on the position. Current Stock Price: $32.40 Cost Basis: $46.86 Action: Buy to close the GM 19 May 34 Call…
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…
We have calls on General Motors (GM) and Pfizer (PFE) expiring today. Our GM call is on track to expire worthless. We will simply watch it do so. The company is scheduled to report earnings on Tuesday. The plan is to leave our shares uncovered until after the announcement. Once we hear what GM has…
Let’s roll our General Motors (GM) call out one week and to a lower strike price to generate more income. The goal is to have our shares called away before the company’s earnings report on April 25. If our shares are not called away, we will sell them ahead of the announcement to avoid earnings…
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…
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…
