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Hope you didn't get long GM via Jan Calls, or you likely got to feel a little volatility crush today. 300% IV down to 80% on the 5's and 40% on the 4's. If you had bought the 4's yesterday at the close, you only lost 20%. If you bought the 5's looking for that homerun, you lost 50% of your money on a 17% up move in the stock. Had you bought any of these options at the open, it's much worse. You can always hope for GM $6+
