On Jun 1, 2009, U.S. automaker Habitual Motors Corp. filed a Willing entreat for reorganization under Episode 11 in U.S. Bankruptcy Court. GM changed its designation to Engine Liquidation Gathering in connexion with the sale of considerably all of its assets pursuant to Reduce 363(b) of the Bankruptcy Decree. Contact your broker or double o up the ticker symbol for Engine Liquidation Business, the inexperienced nickname for General Motors Corp. The ticker for Motor Liquidation Company is MTLQQ.PK.2.
GM's inventory was delisted from the Virgin York Inventory Change, however even trades on the pink sheets, an over-the-counter modify for delisted stocks.
Instructions
1.Determine your strike price and expiration date. The strike price is the price at which the option will become profitable; that is, the price that you think the stock will move to. The expiration date is the date on which your right to use the option expires.
3. Put in a purchase order with your broker. Choose a buy (call) (put) option on the stock. If you believe the Motor Liquidation Company stock price will go up, buy call options. If you believe the stock price is going down, purchase put options. As of Sept. 9, 2009, demand was higher for put options with close expiration and the stock price at 73 cents. This signifies that the market believes is betting on a downturn in the stock.
