Steve Sosnick's General Motors Options Trade

Steve Sosnick of Timber Hill spoke on Bloomberg Markets about an options trading idea in General Motors Company GM.

He wants to sell the April 7th, 35 strike calls and buy the April 7th, 37 strike calls in the name for a total credit of $0.70. If the stock closes below $35 at the April 7 expiration, he is going to make the maximal profit of $0.70. Potential loss is capped by the purchase of the April 37 call and he can maximally lose $1.30, in case General Motors jumps to $37 or higher.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaSteve SosnickTimber Hill
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!