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Mike Khouw And Carter Worth Keep Their Bearish View On General Motors Company

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Mike Khouw And Carter Worth Keep Their Bearish View On General Motors Company

On January 29, Carter Worth and Mike Khouw joined forces to make a bearish trade on General Motors Company (NYSE: GM).

The stock traded lower after they made a call, but the trade hasn't expired yet and they have to make a decision what to do next. On Friday evening, they discussed their next steps for the trade on CNBC's "Options Action" and they concluded that there could be more weakness ahead for General Motors Company.

Related Link: Carter Worth And Mike Khouw's General Motors Trade

Khouw said that they have made most of the money that can be made on the trade and they can buy back the call spread for less than half of what they've collected. He wants to catch a new catalyst that could push the stock lower so he thinks that it could be wise to roll over the position to the June expiration. Before he does that, he is going to wait for a little bit longer.

Image Credit: Public Domain

 

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