Long GM by shorting June 32 Put

GM has been pulled back from 38. It is time to long GM. Setup the position by selling short of the Jun 32 Put.

Position: Short June 32 Put
Credit received: 0.62
Target: 50% of the premium (0.32).

Commento:

Break Even point: 31.38

Trade chiuso: obiettivo raggiunto:

Buy back the position by $0.27. The profit target is reached.

Profit: $0.35 per contract.