Volume Spike Investor

General Motors Corp. (NYSE: GM) is seeing a huge spike in trading after the company reported its sales for June.  To make matters short, the results were far “less bad” than expected at -18.5%.  Yep, estimates were much worse.  GM shares are up almost 4% on teh day, but that is up well over 10% [...]

There has been continued betting today against the US AUTO Sector, in a move that is starting to become as normal as betting against airline stocks.  We have increased PUT OPTION buying today in Ford Motor Co. (NYSE: F) and General Motors Corp. (NYSE: GM).
Ford PUT/STRIKE      Volume    OpInt
SEP08 $6.00 PUTS     8,421     37,802
SEP08 $7.00 [...]