What Was Your First Car?

Hey there Shoppers!

Remember the first car you drove?  Mine was my Dad’s 1971 Buick Electra 225 four door in a dark forest green.

It was huge!  I remember my sister and I were able to stand up in the back seat without our heads touching the ceiling and have enough room to lay down sharing the center armrest for a pillow.

This thing was like driving a boat!  It was just so big and floaty.  It was actually a very nice car.

I am looking at the GM stock chart and reading the latest articles on GM.

Sounds to me like GM could be a contender in this electric vehicle craze that is currently taking place.  Which is great news for this American car company.  

Haven’t the American car companies fallen out of favor over the years?  I say that because my Dad moved on to Toyotas and my husband, being a gearhead, prefers the foreign cars.

I am rooting for GM.  I would like to see them succeed and maybe even give TSLA some competition.

GM is currently trading $43.04 with the implied volatility of the options at 40.48 and the historical volatility of the stock at 42.79.

I think GM can easily trade $45 by December expiration which is 26 days away.

Shopping for cheap options, I like buying the Dec18 44 calls paying $1.50 (41.11 implied vol) and selling the Dec18 48 calls at $.50 (40.80 IV).  

Paying $1.00 for the GM Dec18 44/48 call spread is a good deal.  

By the time I was a senior in high school, my Dad let me drive the 1976 Chevy Camaro we had.  Well, I had no idea, but I became pretty popular with that car!

Thanks for reading…See You Next Tuesday!

Licia Leslie

Oh by the way, Mark did a quick video on trick he and I use in our trading that you can see here on youtube!

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