[I cannot think of a name]

“proper share price for a GM IPO”

What will be the “proper” price in three years when they need another bailout and hopefully there is no congress stupid enough to do it?

When they take the full blown Chapter 7 that should have happened last year, I believe the “proper” price will be -zilch!

[SAJ]

Do what you like about the soon-to-come "GM" IPO.

Me? I believe I'll wait a month or so, for the CBOE to put up listed options on this turkey, and then either write a bunch of OOM calls or buy a bunch of long-dated OOM puts.

But that's just me. And I freely confess that I don't know anything at all about options, even though having traded them since 1969 and written a book or two on the subject, and 160-odd articles.

If you fancy Government Motors, then you just buy a stack of the shares, don't you?

Good trading to you!

[SAJ]

True enough. If you'll check my earlier post, and consider that neither you nor I REALLY wants to trade this bloody IPO when it comes out (I am, of course, assuming correctly that you are not a moron...), then we both of us wait for CBOE to list the put options, and ONLY then take some action.

Good trading to you!

[SAJ]

You may very well be correct. I’m just going to wait for the options to open (generally a month or so after the IPO, in the case of a ‘name’ stock).