Call Options on GM on 2/8/2021

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

The company operates through GM North America, GM International, Cruise, and GM Financial segments.

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

The company also sells trucks, crossovers, and cars 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 safety and security services for retail and fleet customers, including automatic crash response, emergency services, crisis assist, stolen vehicle assistance, roadside assistance, and turn-by-turn navigation, as well as connected services comprising mobile applications for owners to remotely control their vehicles and electric vehicle owners to locate charging stations, on-demand vehicle diagnostics, smart driver, marketplace in-vehicle commerce, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity.

Further, the company provides automotive financing services; and operates an online new vehicle store.

Please note, this stock reports earnings this Wednesday, March 11.

We will be trading Call Options on March 5th.

Last Trade: $54.41

Trading Range: $14.33 - $56.97

Trade Buy 1 March $55.00 Call at $2.88 For a net debit of $2.88 Profit/Loss Analysis Breakeven at $57.88 Maximum profit is unbounded Maximum loss is ($288.00) at strike of $55.00 Closing Summary Sold 1 March $55.00 Call at $2.90

Position closed on 3/12/2021 at price of $2.90 with a 0.69% gain in 32 days.

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