GM

OIB Trade Alert: GM

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General Motors (GM) is up nearly 3% today. Let’s book fast profits on our put position. Current Stock Price: $62.83 Cash in Hand: $0.43 Action: Buy to close the GM Jan Week Two (1/14) 59 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close…

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OIB Trade Alert: GM, MU

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General Motors’ (GM) recent run-up is allowing us to book a profit on our shares. Let’s exit the position now, and we will start fresh by selling a put on this core stock soon. I am also recommending we roll our Micron Technology (MU) put to a higher strike while keeping the expiration date the…

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OIB Trade Alert: GM, TWTR

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General Motors (GM) sold off with the stalling of the Build Back Better spending plan, which was expected to boost sales of electric vehicles. Since EVs will contribute little to GM’s top line and nothing to the bottom line for several years, the market is overreacting.   Our put is deep in the money, so…

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OIB Trade Alert: C, GM

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I am recommending we roll our Citigroup (C) call out one week and to a lower strike price. I think the Federal Reserve’s interest rate decision has put a floor underneath this core stock. Let’s also roll our General Motors (GM) put. The stock took a hit with the indices but is bouncing back today.…

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OIB Trade Alert: GM, MU

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I am recommending we roll our General Motors (GM) and Micron Technology (MU) puts to higher strikes while keeping the expiration date the same. The income we generate will reduce our net debit on these positions. With GM, we will flip our net debit to cash in hand. If you are not currently in a…

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