I opened $GM 20240503 40.5 PUT$  ,🚗 General Motors is gearing up to report its quarterly results on April 23, and while earnings per share might dip to $2.06—a 6.8% decrease from last year—the company’s revenues are expected to rise by 1.6% to $40.61 billion. Analysts have recently bumped up their EPS estimates by 2.53%, reflecting a more optimistic view. Here’s the exciting part! GM has consistently outperformed earnings expectations, beating them four times in a row. With their last report surpassing estimates by over 10%, the stage is set for another potentially bullish surprise. Furthermore, we see tremendously positive gamma and negative vanna levels at $42, suggesting a decent resistance zone there. Good confluence of factors to trigger a CSP play. Make it a bullish drive, GM! Vroooom