Sunday, 5 June 2016

Options Trade - GM

In January 2016, I bought 100 shares of GM. Ever since, the stock has been range bound. So far, this has allowed me to make some extra money buying and STC call options:

16/Feb/2016 Bought 1 GM Sept '16 $30 Call (-$181.21)
21/Mar/2016 STC 1 GM Sept 16 '16 $30 Call (+$293.80)
Profit: $112.59


08/Apr/2016 Bought 1 GM Sept 16 '16 $30 Call (-$157.20)
25/Apr/2016 STC 1 GM Sept 16 '16 $30 Call (+$278.79)
Profit: $121.59

And on Friday:

03/Jun/2016 Bought 1 GM Sept 16 '16 $30 Call (-$127.20)

As I commented on My Dividend Pipeline's recent purchase of GM shares, I believe the current price offers excellent value.









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