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We know what you want most from the Fast Money gang. Following is a compilation of our best GM related trades.How should you position? What should you be watching?Instant Insights with the Fast Money tradersoptionMONSTER Jon Najarian thinks anybody who gets into it GM on Wednesday should flip it quickly. He says at $33 there will likely be $2-$3 dollars of upside as "investors take profits like a thief in the night and run." But he adds the introduction of GM options could put a floor under this stock if investors buy put protection.
Joe Terranova of Virtus thinks, on a valuation basis, GM at $33 is relatively cheap. He argues there will be demand for the stock on both fundamentals and on expectations GM will be added to the S&P 500 in the months to come. "Even if it pulls back immediately after the IPO as specualtion suggests I just can’t imagine the stock trades below $26," he says.Pete Najarian, also of optionMONSTER.com, says he thinks there's "no doubt" the stock will pop on its first day of trading Thursday. What remains to be seen, however, is whether GM will be able to maintain those gains three months from now. For that reason, he isn't sure GM is a long-term play.
If you're set on playing GM, Patty Edwards of Trutina Financial thinks there's a trade in there somewhere. Edwards prefers Ford, though, because of CEO Alan Mulally's leadership style. She credits Mulally with Ford's recent success.
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