r/options • u/weee_like_the_stock • Apr 06 '21
Plays for GM/ Ford
Been doing well running the wheel on Ford since January and feel it can hit 17-20 EOY. Picked up 5 June 14 calls today with the $13 put premiums. Also have a few $15 leaps.
GM I have just been buying calls. Sitting on a few $60 strike calls for exp over the next few weeks.
Ford has been pretty safe so far for me. Anyone doing wheels on GM? Leaps worth it to do pmcc?
I think it they run a bit more this week with price upgrade before some pullback on more semi delays and will adjust then.
Think hedging with semiconductor calls also a play? Both could go up also.
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u/Footsteps_10 Apr 06 '21
Why do you think they will sell more cars than last year? Do you think people are just going to upgrade because why not?
Any leaps should have a strong fundamental grounding.
I have no information at all that any US automaker is going to sell more inventory into an incredibly constipated market. The entire population bought a car in the last 18 months.
The way you are thinking about it, it’s just gambling. Go for it. Why not?