Market Overview

Dan Nathan Sees Unusual Options Activity In General Motors

Share:

CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in General Motors Company (NYSE: GM) on Tuesday. Puts outnumbered calls two to one and there were a couple of different trades that caught Nathan's attention during the day.

He focused on a bearish roll from the January 2020, $30 strike puts to the November $30 puts. Around 10,000 contracts were traded for 38 cents. The trade breaks even at $29.62 or 12.68% lower from the current stock price.

Related Links:

GM-UAW Strike Costing Thousands Their Jobs And The Company Millions

Option Trader Makes Big Bet On iQiyi Despite Negative Trade War Headlines

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

 

Related Articles (GM)

View Comments and Join the Discussion!
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

TMS Or MTS? Why Shippers No Longer Have To Choose

Stocks That Hit 52-Week Highs On Wednesday