Option Volume Revs Up on General Motors

You're probably already aware that General Motors GM has reclaimed a spot on the New York Stock Exchange, with the Detroit icon making its Big Board debut on Nov. 18. As of today, options are now available to trade on the bailed-out automaker, and speculators are already rushing to place their bets on GM. Within the first 90 minutes of the session, roughly 22,000 calls and 5,700 puts changed hands on General Motors. However, the early preference for calls isn't necessarily as bullish as you might assume. Continue reading the article.
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Posted In: Long IdeasShort IdeasOptionsTrading IdeasAutomobile ManufacturersConsumer Discretionary
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