NEW YORK (AVAFIN) -- GM options observed interesting call activity today. The number of call contracts heavily outweighed
the number of put contracts during the last trading session. A low put/call ratio alert was raised on shares
of General Motors Company where a total of 4,860 put and 24,513 call contracts exchanged hands between traders.
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Unusual volume provides reliable clues that the stock is expected to make a move. Investors
can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio
suggests that the overall investment sentiment is bearish and that investors expect the
underlying stock to decrease in value. Conversely, a low put/call ratio implies that
investor sentiment is bullish based on the large amount of call options.
GM's break-even point is drastically lower than it was under the old GM. The company's earnings should grow rapidly as U.S. vehicle sales bounce back from the 2009 low.
Additionaly, The VEBA saves GM billions of dollars in cash every year, and the new UAW contract gives GM labor cost stability through at least September 2015.
General Motors Company (GM) opened today at $21.58 and is currently trading at $21.73, up $0.10 (+0.46%) during
last trading session. Within the last quarter, the shares have gained 0.60% of their value.
The daily low is $21.14 and the high is $21.75. The trading volume
of 6M is below the average volume of 8M shares. GM is trading above the 50
day moving average and lower than the 200 day moving average. The stock's 52 week low is $18.72 and 52 week high is $27.68.
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