Go long GM, unusual options activity

10 במרץ 2021

Go long; there's a story behind the EV transformation and Ultium battery technology is promising. Not only that but there has been unusually large buying of the $60 strike call options for GM, signifying big bets usually from big institutional investors or other high net-worth traders.

Unusually high call volumes are very bullish and can cause a gamma squeeze; which can force additional stock-buying due to open options positions on the underlying stock.