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Long GM by shorting June 32 Put
General Motors Company
Long
Long GM by shorting June 32 Put
By rockgy
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Updated
May 2, 2017
3
Cheer
Cheer
May 2, 2017
GM has been pulled back from 38. It is time to long GM. Setup the position by selling short of the Jun 32 Put.
Position: Short June 32 Put
Credit received: 0.62
Target: 50% of the premium (0.32).
May 2, 2017
Comment
Break Even point: 31.38
May 9, 2017
Trade closed: target reached
Buy back the position by $0.27. The profit target is reached.
Profit: $0.35 per contract.
closedforprofit
GM
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