hungry_hippo
Long

GM Double Bottom

NYSE:GM   GENERAL MOTORS CO
Things got oversold and we got an afternoon pump. I think the market wants to close the gap by Friday, you could've gone long on anything and made money. Market moved quicker than I could post, already dumped some of my long positions. I think tomorrow is gonna be a small up day. Holding a few stocks overnight.

I like playing with GM options, premiums are small and liquidity is good. Holding weekly calls overnight.
Trade closed manually: Take the easy money and run. If you're staying in this game, I suggest switching over to next weeks options. I had tomorrow expiration, so I flipped them.
Comment: I bought some weekly puts yesterday 'cause it looked weak, for a 300% profit, lol.

GM weekly options are cheap good trade, if you see a recognizable pattern. Bought calls on the hammer, bought puts when it threw a doji yesterday. I usually close out the trades in the morning.
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