By Dan Darrow
September 07, 2022
Intraday Update: GM
GM has stabilized above the 20day sma, keeping the recent uptrend intact, and giving us a reason to stick with a bullish trade. The current Sep16 $42 - $45 call spread is the last of several roll ups and is running low on time, so the plan will be to close the position and roll out to an Oct21 $42 - $46 call spread to buy more time for the trade to develop. This will require extra debit, so we will approach it similar to a new trade by having a tight stop at 37.25 or a 40-50% net debit loss.
Trader Author Portfolio Holdings
**As of the date and time of publication