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Barchart
Barchart
Mark R. Hake, CFA

GM Stock Has Unusual Call Options Activity - Investors Are Bullish

GM

General Motors (GM) stock shows a large, unusual volume of call options trading today in an out-of-the-money strike price expiring in two weeks. That could be a bullish sign from investors who are selling covered calls for extra income.

GM stock is at $47.49 today up 5% from yesterday, down from a recent high of $54.22 on Jan. 23. GM hiked its annual dividend per share (DPS) by 25% on Feb. 26. That makes it very much more attractive to dividend and value investors.

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