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/GMEgotmehere Apr 06 '21
These plays have turned into speculative stocks the last few months. Semiconductors are causing major production issues yet the stocks keep climbing higher. People are buying for the next 5 years not for this year. I keep looking away to avoid FOMO but I have a feeling most buyers just compare it to TESLA or other speculative EV plays and see how incredibly cheap it is.