Time to short or buy puts on Ford and GM


Looks like the strike has begun.
https://abc7chicago.com/amp/uaw-negotiations-2023-update-strike-united-auto-workers-stellantis/13781483/
Based on analyst estimates this will be a lose-lose situation for GM and Ford. If strike continues on for a long time , the automakers will lose money due to low production numbers and if they give in to union demands they will not be as competitive as other non union shops.

So your thoughts?


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