Strat 2- GM 38 Put -> PT 37.41, 37.21

(1) GM price up after ER but the guidance is not so bright - China uncertainty + Strike impact
(2) Morning made lower low 8:30-8:45AM LA time.
(3) Entered Trade 38 Put for .35c, SL .20c (Reached, but did not sell, held til EOD,; Would have re-entered EOD at .25c)
SL: .20c
PT: .75(If strong momentum + Bot Consolidation, Trail Stop here), .90
RR: 1:2.67 , 1:3.67

Scenario 1:
Break below 38.09 and reach PT

Scenario 2:
Reach .20c SL, re-enter at break below 38.09
If no break below, Enter Call Debit Spread 39-40 or Credit Put 38 at Break of 38.7 HOD

Commentaire:

GM sold at low for .54c
Return: +$38, +7.6%