Paper bought 1000 CYBX May 40 Puts for $1.00 (3.0 times usual volume) when stock was trading $46.83|
Paper bought 1200 SCCO June 36 Puts for $1.40 (3.2 times usual volume) when stock was trading $37.11
Paper bought 1500 NWSA May 31 Puts for $1.55 when stock was trading $30.20
Paper bought 2000 LXK April 26 Puts for $.74 (3.4 times usual volume) when stock was trading $26.36
Paper bought 2298 LIWA Nov 5 Puts for $.66 (19.0 times usual volume) when stock was trading $5.11

Paper bought 1000 SOXL April 36 Calls for $2.40 (3.7 times usual volume) when stock was trading $37.35
Paper bought 1200 TIBX April 22 Calls for $.20 when stock was trading $20.25
Paper bought 1265 THC April 47 Calls for $1.95 (2.2 times usual volume) when stock was $48.26
Paper bought 14,925 OKE Oct 52.5 Calls for $1 (10.5 times usual volume) when stock was trading $47.96
Paper bought 400 CPNO May 40 Calls for $1.00 (7.8 times usual volume) when stock was trading $40.49

Paper bought 14,925 OKE Oct 52.5 Calls for $1 (10.5 times usual volume) when stock was trading $47.96
Paper bought 20,000 HD May 70 Calls and Sold May 67.5 Puts (3.6 times usual volume) when stock was $.84 debit when  stock was trading $69.94
Paper bought 9753 WLT May 25 Puts for $1.57 (2.9 times usual volume) when stock was trading $26.32
Paper bought 3961 GM 4.5.2013 Weekly 28 Calls for $.29 when stock was trading $27.86
Paper bought 1646 PAL Jan 2014 3 Calls for $.20 (13.6 times usual volume) when stock was trading $1.67

GM competitive strive

• Plans to compete heavily against its key competitor FORD with its new V8 Economy trucks.
• Actively talking about re-building its un-active manufacturing plants.
• GM is in the midst of producing electric vehicles, and testing them in South Korea.
• GM actively investing in an IT/RD department.

GM has done a remarkable job at re-establishing itself, paying down its debt. In the short term $GM may be discounted due to the DOW, and S&P being overvalued in the long term forty dollars a share is a very realistic target .GM releases earnings on April 29, 2013 analyst are expecting $0.40 any number above $0.40 would be better than Q3 2012 and a good indication that company is recovering at a greater rate.

(Vehicle sales in the U.S)  

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John Castillo
Independent Contributor

From the technical prospective, CAT shares are below the 200, 150, 100, and 50 day moving averages. The copper market is also below these moving averages, echoing the bearish technical set-up.

In recent news, Susquehanna analyst Ted Grace lowered his 2013 EPS estimates from $8.00 to &7.45. And just today the ISM index fell to worse-than-forecasted levels…both not helping the CAT bulls in the short term.

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Author
salernoma@mx.lakeforest.edu