Call Options on GM on 11/17/2017

General Motors Company (GM) designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide.

The company operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.

It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang, and Wuling brand names.

The company also sells cars, trucks, and crossovers to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers connected safety, security and mobility solutions, and information technology services.

The company, through its subsidiary, General Motors Financial Company, Inc., provides automotive financing services. 

Shares have formed a bullish "cup and handle" and higher share prices are expected to head higher. The formation is supported by the stock's 50-day moving average shown in brown.

We will trade December 8th Call Options

52-Weeks Trading Range: $31.92 - $46.76

Entry Point: $43.60

Trade Buy 1 December $43.00 Call at $1.30 For a net debit of $1.30 Profit/Loss Analysis Breakeven at $44.30 Maximum profit is unbounded Maximum loss is ($130.00) at strike of $43.00 Closing Summary Sold 1 December $43.00 Call at $1.31

Position closed on 12/15/2017 at price of $1.31 with a 0.77% gain in 28 days.

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