It’s a complete bloodbath in the markets Thursday. We’ve given back all of the gains from Wednesday’s rally… and then some.
I’ve been saying for some time now that traders need to take gains aggressively, and this week was a perfect example why.
It’s no surprise to see a lot of put hedging hitting the tape when the markets puke. But when everyone is selling, it makes the big institutional buys that much more intriguing.
One of the big names that saw unusual bullish activity Thursday is General Motors. The stock has seen its share price slide 35% since the start of the year, and the bulls are buying the blood Thursday!
And if that doesn’t get your motor running, I have three more unusual trades waiting inside…
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