Market Overview

Options Action Final Trade From August 1

Related GM
5 Of The Most Successful Athletes Turned Investors
The Market In 5 Minutes: Indexes Remain In Tight Range As Rio Olympics Come To An End
Tesla Says Model S Now The Fastest Production Car In World (Investor's Business Daily)
Related TSLA
Tesla Traders Sell The News Of Model S, Model X Updates
Car Companies Turn To Israel To Power Their Self-Driving Technology Needs
Why NXP Semiconductors Is a Terrific Buy (GuruFocus)

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


Related Articles (GM + QQQ)

View Comments and Join the Discussion!