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General Motors Corp (GM) is a BUY
By admin | July 23, 2008
Should be moving back up north of 20 … I have sold 10 puts at 20 since March of 07, my avg price per share is 14.70 today. This month I will be selling 10 calls at 20 puts at around $7.50. This should bring in an additional $500.00 as of today closing price. My per share will go down to $14.20 should I execute tommorrow morning.. Depending on how the stock moves prior to the Aug 1st sales I will execute before or after. In my opinion there is no bankruptcy looming and have invested in 1000 shares. If anyone else has a trading strategy feel free to share.
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