Sunday, July 08, 2007

General Motors (GM) put option trade

I got into the GM bearish trade a little early but it seems to be turning my way now. I purchased the Sept 35 puts at $1.90. My target is a $33 price on the equity. It looks like we might get there sooner than later.

Options do not show up on the Covestor.com service so you'll just have to trust me.

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