Options Volume Spike: General Motors (GM)

247admin — Wed, 14 Jan 2009 17:14:45 +0000

General Motors (NYSE: GM) is one we have not highlighted in some time for any “volume spike” activity. We just saw a call options trade that sent up the red flag, but it might have just been an exit trade where a call option owner merely sold the option. Here is the data we saw in the GM JUNE-2009 $3.00 CALL, with the stock trading down 5% at $3.81 currently:

Last Trade $1.00, down $0.20
Bid $0.99 X Ask $1.09
Total Trade volume: 20,606
Open Interest: 58,183

GM stock is down today but it is on very thin volume of only about 4.4 million shares (at 11:16 AM EST) and the average volume is roughly 37 million shares. This is now the most active contract on the CBOE volume reports.

Jon C. Ogg
January 14, 2009

GM PUTS/CALLS Spiking

247admin — Fri, 27 Jun 2008 18:38:17 +0000

There has been a pick up in trading activity of general Motors Corp. (NYSE: GM) this afternoon via the put and call and options.

The JULY08 $15.00 CALL and $15.00 PUT strikes have seen a sudden pick up:
$15.00 CALLS saw 14,095 contracts trade and the open interest was 28,681 before today.
$15.00 PUTS saw 14,162 contracts trade and the open interest was 28,978 before today.

Elsewhere we have seen in the AUG08 $12.50 CALLS some 2,783 contracts traded, and the open interest before today was 4,384 contracts.

As of 2:38 PM EST we have seen GM stock up 1.2% after a miserable week with the last print at $11.57.

Jon Ogg
June 27, 2008

Volume Spike Investor » General Motors

Options Volume Spike: General Motors (GM)

GM PUTS/CALLS Spiking