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Will Ashworth

UAW Strikes: Unusual Options Activity Suggests Investors Don’t Care

UAW GM Ford Shawn Fain Stellantis Robert Reich the Detroit Three Mary Barra Detroit CNN

The United Auto Workers (UAW) went on strike at midnight Friday after the contracts for workers at General Motors (GM), Ford (F), and Stellantis (STLA) expired at 11:59 P.M. on Thursday. 

It is the first time the UAW has simultaneously gone on strike at all three of Detroit’s big automakers. The unusual options activity in Friday trading for the three automaker’s stocks suggests investors don’t care. 

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