Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bullish stance on (General Motors: GM).
And retail traders should know.
Shares of large automakers, including General Motors Company (NYSE: GM), are trading higher amid an overall market rebound as stocks regain some losses following Monday's selloff.
This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Today's 5 Stock Ideas (Benzinga EVcon Edition):
Benzinga will be hosting its inaugural Electric Vehicle Conference Wednesday. The event runs from 9 a.m. to about 5 p.m. EDT.
Traders and investors can
Benzinga is proud to offer conferences and events that provide investors and analysts with in-depth conversations and presentations from publicly traded companies.
Automobile stocks bounced back from the COVID-19 pandemic-induced sales slowdown fairly well in the second half of 2020 only to be caught unaware by the global semiconductor shortage.
Despite the sales hit from the chip crunch and the resulting capacity idling, shares of most legacy automakers are higher for the year-to-date period.