A Gap In GM

By Tim Knight of Slope Of Hope

Friday, September 13, 2024 3:04 PM EST

Oldtimer, Classic Days, Schloss Dyck, Autos

Image Source: Pixabay

Just about the only silver lining to the insane rally this week has been some “fish that got away” have come back for another opportunity. I was chagrined to not secure a position with General Motors (GM), but this morning it bounced up to its gap, providing me another chance to get in. I have done so, acquiring $50 puts expiring January 17th.

Here’s a longer view to illustrate the greater opportunity.

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Triple Pain
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Beautiful Gap Fill

I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

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