Traders Playground

.buying swing GM 1.90 LARGE and +GMDW 2 strike april calls at .29 2X OVERSIZED. I am here quite literally buying the fear on GM with a large stock stake and a very aggressive 2X oversized stake on the GM calls. I wanted to have a bullish position to also work as a hedge on the 4x OVERSIZED C puts stake. I see that tomorrow there could be disappointment by the street in regards to M2M accounting. If the street gets the short term fix they want then the banks should have great strength tomorrow but if there is any disappointment then the pul back that began last week should continue. With GM my strategy is with a bounce target as high as 2.75 on a multiday swing on this high risk entry but with mental stops on both the calls and stock at 1.70 if we do not pass 2.00 here point of significance.