Market Overview

Options Action Final Trade From August 1

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Carter Worth, speaking on CNBC's Options Action Final Trade said that he is a buyer of Tesla Motors (NASDAQ: TSLA) and thinks that investors should forget General Motors (NYSE: GM).

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.

Posted-In: Carter WorthCNBC Long Ideas Short Ideas Options Markets Media Trading Ideas

 

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