G.M. And Ford Are Buddies
Earning reports on G.M. came out. Ford Calls were intoxicated by this news. Stellantis moved up a touch but not so much. Of the "big-three" they seem to have the most issues to deal with. So basically the bet was on how G.M. was going to do this quarter and anyone watching and investing in Call options got a double on the morning action. Volumes in both of these series of options was relatively light. Let's pause for a moment and reflect on this situation. Options on automobile stocks have a repetitive pattern of trading like this and opportunies to capitalize on this event happen four times a year. Caterpillar and Deere are two other companies that react strongly to earning reports however the tranparency or the internals of what is happening within their organizations are more difficult to get a read on. Then there is the different animal called Tesla which prides itself on chatter of what might come. Option traders following these names should mark all of these events...
