As anticipated on Tuesday GM has generated a down red arrow signifying a Repeat Sell Signal. The original Feb 19th $60P is up about 230% with two weeks left until expiration. For additional time and leverage, the Mar 18th $50P are trading at about $2.75. Fib target for GM by March expiration is mid to low $40's. Whether to roll-over into Mar or ride out Feb puts is an individual decision, whether now, next week or at expiration. Fresh Sell confirms GM remains in a downtrend.
