(NSFW)
Still playing GM short for a breakaway bearish gap lower…
Drop me your top ideas into the close.
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Still playing GM short for a breakaway bearish gap lower…
Drop me your top ideas into the close.
If you enjoy the content at iBankCoin, please follow us on Twitter
Top idea is to watch the train wreck go by. When the NASDAQ leads the plunge, bad things happen.
Or play it. On the short side.
Ooooh..
I do hold old core position GM @ 18 and change(truth) and watching for a possible avg up on position. Also, hold position F as well.
Just because..
Nice call on the short, Chess. Between the market falling to hell and their 50 cent ignition part that is killing people..you have a winner and rightfully so.
Puts for Apr 11 2014
31 strike open int 8,135
32 strike open int 2,969
next week..jumps ((huge)) in open interest on the put side:
Puts for Apr 19 2014
31,32,33 and 34 strike open int
13,183, 15,382, 19,711, 12,567
etc..
On the call side for April 19:
36 strike open int 45,481
37 strike open int 21,756
just saying..
That’s no Chump Change, Chess.
Headline risk?
Shorts view is as headline money machines!!!!!!!!
$GM
Not covering right?