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Barchart
Barchart
Josh Enomoto

Scalp a Quick Profit on General Motors Stock with This Contrarian Option Trade

GM General Motors Amazon

Everybody’s familiar with the old adage, buy low and sell high — that’s what we’re all here to do. However, this well-meaning sentiment is easier said than done. Still, if you’re looking for a quick buck over the next several weeks, automotive giant General Motors (GM) should be on your radar.

No, in a world of tech juggernauts delivering solutions for artificial intelligence and other advanced innovations, General Motors isn’t exactly the sexiest idea out there. However, GM stock offers something to think about. Over the trailing year, the automaker has enjoyed a 64% lift in market value. Further, Barchart’s Technical Opinion indicator rates GM as a 72% Strong Buy.

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