Trade Ideas

UOA PRO New Trade Idea GM 8-19

4,500 21August 84 puts bought in one order for 0.45 to 0.53 above open interest of 2,607 contracts. Stock 84.79-85.03.

By Wayne Razzi | Market Rebellion · August 19, 2026

New Trade Idea

Ticker: GM
Stock: 84.77
Trigger: 84.12
Targets/Resistance: 83.32, 81.92, 79.87
Expiration Date: 28AUG

UOA: 4,500 21August 84 puts bought in one order for 0.45 to 0.53 above open interest of 2,607 contracts. Stock 84.79-85.03.

GM $84.77 Last.

Sizeable front week ATM put buy. Getting this in because this was on its way down only to be interrupted by today’s action.

Trigger: $84.12, today’s low.

Strategy 1: Consider the GM 28Aug. 85.00 puts for $2.15 projected at trigger level today. This may need more time if it triggers to develop a solid drop.

Targets: 83.32, 81.92 (50 SMA currently), 79.87 (100 SMA currently)