In Tuesday’s Blitz Daily , we’ll look at some longer-dated options as the market reacts to news of the omicron coronavirus variant, and comments from Federal Reserve Chair Jerome Powell.
It seems ol’ J-Pow is interested in pulling back on bond purchases even faster than originally planned...
We’re seeing nasty price action right now, and there isn’t much flight to safety in the current market... which is why we’re looking further out. And one of the companies seeing some longer-dated buying is automaker General Motors.
It looks like someone thinks GM’s share price is going down in flames...
But if GM doesn’t get your motor running, I have two other longer-dated trades seeing unusual options activity…
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