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G.M. Option Are Now A Trap Few Option Traders Want To Play

G.M. popped yesterday on an earnings report. That puts us in "a now what" trap. Will it go up or down and what about the Calls and Puts on it that expire this week (today is Wednesday) and next week? Look at at this weeks Calls and Puts that expire in three days. ............. As one would expect there are more outstanding Calls than Puts. Now a question. Would you be nervous that G.M. might sell off on the opening? Investors now have had time to digest this news and fret over what might happen to the car industry in America going forward. B.Y.D. is now sending boat loads of vehicles to new ports all over the world. That can't be a good omen. So to catch any action on G.M. the very best time to catch any waivering is in first ten minutes of today's trading. Here is how one series of puts traded on the opening. In my mind this was the easiest trade on the week. It was a case of striking when the iron was hot. Now this. Sometimes irons are slow in cooling off.
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The Regulation Of Forward Looking Statements

Did you read the fine print of my Sept. 27th blog about Zen Graphene Solutions? A newish company making claims to be able to crank up production to fill the demands of a new ingredent used in the production of Covid masks. Click around the internet and find out the number of employees they have. Not many. Their new partner is not a listed company. Why are they talking about an estimated capacity to coat the equivant of 800 million masks per month? That many, really? In a similiar sort of way, in my Sept. 16th blog I talked about Limestone Boats and their claims to be able to crank out 550 boats next year. A picture in that blog shows their first two boats being shipped out for motors and sea testing. Without a track record of making boats this year how can they justify such a number? Then there is Odd Burger. I talked about this stock on September 6th with plans to open 20 restaurants next year. How did they pick the number twenty? Why not ten? How do you plan for twenty when you currently have only a couple now open. How can you open new restaurants when their tract record of making money does not exist? My point is that forward looking statements need to be quantifiable and in many instances they are not. Why aren't our regulators jumping all over this? Its scary that they are not. Then there is Lamperd Lethal Weapons I mentioned in a Jan 6th blog. On that day it traded 69 million shares and tripled in price. When the riots broke out at the White House in Washington last year the police who were there used the Lampard Less Lethal body shields. Why wasn't a press release issued on that occuance? Why aren't they now putting out press releases on things like new shipping orders to new clients in different countries or changes in exporting rules which benefit their abilities to do more busines? Ford did things differently in their press release a few days ago. They made a statement to the effect that "the Tennesse assembly and battery complex will be about three times the size of Ford's sprawling century old Rouge River manufacturing complex". What a clever spin on things. My point is that press releases or lack thereof need to be more highly regulated. Here now is Lampard Less Lethal's year-to-date chart pattern. It is a dangerous stock to play. It now trades at a penny and one half. The only way to get more dangerous than that is to have it trade at half that price. That might happen if they don't capitalize one the use of press releases to inform the public of developing trends.

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