Steve Sosnick of Timber Hill spoke on Bloomberg Markets about an options trading
idea in General Motors Company (NYSE: GM).
He wants to sell the April 7th, 35 strike calls and buy the April 7th, 37 strike calls in the name for a total credit of $0.70.
If the stock closes below $35 at the April 7 expiration, he is going to make the maximal profit of $0.70. Potential loss is capped
by the purchase of the April 37 call and he can maximally lose $1.30, in case General
Motors jumps to $37 or higher.
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