Analyzing the options chain of GM General Motors Company prior to the earnings report this week, I would consider purchasing the 45usd strike price Calls with an expiration date of 2024-1-19 for a premium of approximately $1.14. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
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GM trading at $37.97 today and the calls are up 30%, trading at $1.50. More calls were added today, so I`m considering keeping this position open.