Until this month, the U.S. had only one all-electric automaker, the all-mighty Tesla Inc (NASDAQ: TSLA). Last week, Rivian Automotive Inc. rolled its first pickup truck for regular customers off its assembly line in its Normal, Illinois plant with first deliveries just around the corner.
General Motors Co (NYSE:GM) disclosed a comprehensive action plan for customer safety regarding the Chevy Bolt EV and EUV. The LG Chem Ltd (OTC:LGCLF) LG…
Shares of several auto-makers including Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are trading lower following reports suggesting the NHTSA has opened a safety probe over potentially dangerous Takata air
Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bullish stance on General Motors.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
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.