General Motors Company
Long
Updated

GM Coiling

214
Giant 6 month pennant, into next week's calls, though as usual I'll probably just flip then tomorrow, lol.

GM options are cheap with good liquidity and small spread between bid and ask. I mentioned this in my ES1 thread, but here's the chart.

When this pattern eventually breaks, the move is gonna be HUGE!
Trade closed manually
Flipped my calls on open due to the weak open, lost a few hundred....

Not liking the looks of this one
Note
I'm beginning to wonder if this thing is going to punch through that bottom trendline and eat S***...

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