General Motor Stock Higher on EV Battery Supply Deal

Group 1: Market Sentiment and Performance - There is an increased popularity of puts in the options market for General Motors (GM), with its 50-day call/put volume ratio ranking higher than 71% of annual readings at major exchanges [1] - GM's stock is currently trading at $51.97, reflecting a 2.1$55 level since a decline from its three-year high of $58.90 [2] Group 2: Strategic Initiatives - GM is refocusing on electric vehicles (EV) after discontinuing its robotaxi unit, having signed a multi-billion dollar agreement with Norway's Vianode for the supply of synthetic graphite anode materials for EV batteries from 2027 to 2033 [3]