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rockgy

Long GM by shorting June 32 Put

Long
General Motors Company (NYSE:GM)  
rockgy Updated   
NYSE:GM   General Motors Company
GM closedforprofit
3
0
gm closedforprofit
GM has been pulled back from 38. It is time to long GM. Setup the position by selling short of the Jun 32 Put.
snapshot

Position: Short June 32 Put
Credit received: 0.62
Target: 50% of the premium (0.32).
Comment:
Break Even point: 31.38
Trade closed: target reached:
Buy back the position by $0.27. The profit target is reached.

Profit: $0.35 per contract.
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