Options Action Final Trade From August 1
Tesla gained 4.46 percent on Friday, whiel General Motors fell 1.12 percent.
Dan Nathan recommended a purchase of put options in PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ); the ETF dropped 0.37 percent and closed at $94.67 on Friday.
Mike Khouw suggested that investors should use put spreads to hedge their General Motors portfolio.
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