General Motors (GM) Trade

I got rid of my put options as they are now in the money. What a nice trade if I don't say so myself. I'm especially pleased with myself because when I bought the puts, GM was coming off of a huge up move and it seemed everyone was talking about how great GM was acting.

I think GM is headed lower but I didn't want to push my luck.

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.

General Motors (GM): Low-risk Short

I used GM as an example for presenting the TD Ratio indicator I constructed using the Blocks Player. What caught my eye was the recent trading range between 37 and 29. I then made a mental note to short GM if it got back to the 37 point and then gave a TD Ratio sell signal.

GM gapped up today after it was upgraded. It then gave up the price and ended only 0.81 cents higher. Looks like a lot of weak hands just entered GM at this swing high.

I plan on shorting GM tomorrow.